This is the Tagline, edited under "Misc Content"
Oct 6, 2008
The expansion will provide a high-bandwidth, low-latency connection to ICAP's EBS platform to customers trading spot foreign exchange (FX) in Europe, and builds upon ICAP's current deployment at Equinix IBX centres in the New York area.
ICAP's i-Cross service facilitates the hosting of customers' equipment and high-speed network connectivity to the matching engine, enabling quicker time to market for a range of FX product trading and market data services. i-Cross is of particular benefit to institutions without a physical presence in the region that trade during that region's hours.
ICAP will deliver the i-Cross service within Equinix's next generation LD4 data centre, leveraging Equinix's multi-million dollar investment in the new building that features financial-grade quality and redundancy, including industry leading security, environmental control and power availability.
“This extension of ICAP's services to financial market participants in Equinix's LD4 data centre builds upon the successful partnership that Equinix and ICAP have in providing high-speed, low-latency access options to customers in North America,” commented David Rutter, deputy chief executive officer of ICAP Electronic Broking. “Choosing Equinix as our premium connectivity and proximity partner for Europe was a logical choice.”
"Our network-rich LD4 data centre provides a high-performance connectivity platform for ICAP customers seeking the fastest and most reliable links to ICAP's services," added Eric Schwartz, president of Equinix Europe. “The addition of ICAP and their trading platforms to LD4 will also enhance our service offering to the high concentration of financial companies already colocated at Equinix in London, where they have access to a rich mix of carriers and financial extranets providing metro, regional and international connectivity for the electronic trading community.”
Equinix's LD4 facility in Slough is a next generation purpose-designed data centre utilising the most advanced infrastructure for industry leading resilience and operational efficiency. The site offers approximately 10,000m2 (107,600 gross sq. ft.) of space with 24 megawatts of power, providing ICAP with immediate access to colocation capacity for high density installations.
About ICAP
ICAP is the world's premier voice and electronic interdealer broker and the source of global market information and commentary for professionals in the international financial markets. The Group is active in the wholesale markets in interest rates, credit, commodities, foreign exchange and equity derivatives. ICAP has an average daily transaction volume in excess of $1.5 trillion, more than 60% of which is electronic. ICAP plc was added to the FTSE 100 Index on 30 June 2006.
About Equinix
Equinix is the leading global provider of network-neutral data center and interconnection services, offering premium colocation, traffic exchange and outsourced IT infrastructure solutions. Global enterprises, content companies, systems integrators and network service providers look to Equinix Internet Business Exchange (IBX®) centers for world-class reliability and network diversity. Equinix IBX centers serve as critical, core hubs for IP networks and Internet operations worldwide. With 41 IBX centers located in 18 strategic markets across North America, Europe and Asia-Pacific, Equinix enables customers to reliably operate their mission-critical infrastructure on a global basis.
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; the results of any litigation relating to past stock option grants and practices; 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. Internet Business Exchange is a trademark of Equinix, Inc.