New ParFX global foreign exchange platform gains access to
Equinix’s financial ecosystem
REDWOOD CITY, Calif. & LONDON--(BUSINESS WIRE)--Aug. 13, 2013--
Inc. (Nasdaq: EQIX), the global interconnection and data
center company, today announced that ParFX,
the new Tradition-owned wholesale electronic spot FX trading platform,
has launched from Equinix’s London Slough International Business
Exchange™ (IBX®) data center campus.
Designed to bring renewed transparency, efficiency and equality to the
global spot FX market, ParFX is open to all professional institutions
able to settle via Continuous Linked Settlement (CLS) and provides
Equinix’s customers in the London Slough data center campus with easy
access to FX liquidity.
Highlights / Key Facts
The ParFX trading platform provides market participants with a
low-cost, easy-to-access, transparent and equitable venue for sourcing
FX liquidity. The platform’s unique matching mechanism applies a
randomized pause to all order elements, creating a level playing field
for participants, regardless of location, technological sophistication
or financial strength.
ParFX selected Equinix because of its market leadership position,
broad range of trading customers and unrivalled global reach. The
London Slough campus provides access to over 50 network providers and
more than 170 trading participants, reducing time-to-market, and
lowering barriers to entry while providing high levels of resilience.
In choosing Equinix, ParFX positions its platform directly alongside
many other leading trading venues and connects with hundreds of FX
institutional traders, trading platforms and ECNs globally to enable
‘follow the sun’ FX trading.
Through Equinix’s global IBX footprint, an ecosystem of nearly 800
global financial services institutions will be able to connect to
Rutherford, chief operating officer, ParFX:
ParFX founder banks came to us because they believed there was a need
for change in the FX market ecology and for the creation of a truly
level playing field. That need is at the heart of the ParFX
philosophy. Equinix’s London Slough data center campus offers
world-class support with global reach, congregating players and
service providers across FX, providing the opportunity to adapt and
scale our business according to market need.”
Theunissen, chief marketing officer, EMEA at Equinix
is a valuable addition to the Equinix financial ecosystem, extending
the range of venues we host across Asset classes. Its pioneering low
cost and transparent trading services will provide FX market
participants located on Platform Equinix with a popular and equitable
venue for sourcing FX liquidity.”
Tradition is one of the world's largest interdealer brokers in
over-the-counter financial and commodity-related products. Represented
in 28 countries, Tradition employs 2,400 people globally. Tradition is
the trading name of Compagnie Financière Tradition (CFT), which is
listed on the Swiss stock exchange. Tradition’s activities are overseen
by global regulators including the FCA, SEC and CFTC. For more
information, please visit www.tradition.com.
Tradition and ParFX are registered trademarks of Compagnie Financière
Tradition S.A. www.parfx.com
Equinix, Inc. (Nasdaq: EQIX), connects more than 4,000 companies
directly to their customers and partners inside the world’s most
networked data centers. Today, businesses leverage the Equinix
interconnection platform in 31 strategic markets across the Americas,
EMEA and Asia-Pacific. www.equinix.com
Forward Looking Statements
This press release contains forward-looking statements that involve
risks and uncertainties. Actual results may differ materially from
expectations discussed in such forward-looking statements. Factors that
might cause such differences include, but are not limited to, the
challenges of acquiring, operating and constructing IBX centers and
developing, deploying and delivering Equinix services; unanticipated
costs or difficulties relating to the integration of companies we have
acquired or will acquire into Equinix; a failure to receive significant
revenue from customers in recently built out or acquired data centers;
failure to complete any financing arrangements contemplated from time to
time; competition from existing and new competitors; the ability to
generate sufficient cash flow or otherwise obtain funds to repay new or
outstanding indebtedness; the loss or decline in business from our key
customers; and other risks described from time to time in Equinix’s
filings with the Securities and Exchange Commission. In particular, see
Equinix’s recent quarterly and annual reports filed with the Securities
and Exchange Commission, copies of which are available upon request from
Equinix. Equinix does not assume any obligation to update the
forward-looking information contained in this press release.
Equinix and IBX are registered trademarks of Equinix, Inc.
Business Exchange is a trademark of Equinix, Inc.
Source: Equinix, Inc.
Equinix Media Contacts:
for Equinix, Inc.
Liam Rose, +1 650-598-6590
Kawashima, +1 415-318-4367
Morgan/Fern Hammond, +44 20 3128 8530/8533/8092