This is the Tagline, edited under "Misc Content"
Jul 13, 2009
BOX provides an efficient, transparent marketplace with cutting-edge technology. Its platform is differentiated by speed and BOX's ability to provide clients with measurable opportunities for price improvement, and is well-recognized by the global high-frequency trading community. Within Equinix's NY4 center, BOX will participate inEquinix Financial eXchange, an established community of execution venues, buy and sell side firms, and technology utilities that have located at Equinix's high-performance data centers. Equinix Financial eXchange will provide BOX with access to the widest choice of low-latency networks, and the ability to directly exchange data with strategic partners and customers in close proximity. The high-quality and advanced design of Equinix's centers offers financial customers a full-range of scalable services, including colocation, interconnection and support of the highest levels of security.
“Operating within Equinix's NY4 center will put BOX's order matching engine in the middle of an existing community of financial trading companies and electronic trading networks, while providing our customers with a high-performance trading environment from which they can link to BOX with the lowest levels of latency,” said Alan Grigoletto, senior vice president for BOX. “This means we can now pair BOX's ultra-fast matching engine with the advantages of colocating, thereby eliminating any geographic latency.”
“The addition of BOX to Equinix's financial trading ecosystem further demonstrates Equinix's leadership in providing comprehensive global solutions for financial market participants,” said John Knuff, director of business development for Equinix. “The Equinix Financial eXchange offers global trading firms with the data and market access they need to trade in North America. In addition to benefiting our current customers in the NY4 center, BOX will directly benefit from our base of global network providers that enable un-constricted order flow to their exchange.”
Equinix's data centers enable financial firms to meet the strict regulatory requirements for secure and redundant physical infrastructure. Power operations at each center include a high-performance back-up system that ensures uninterrupted power even in the event of utility power disruption. Security features include interlocking "mantrap" doors, multiple layers of biometric hand-geometry scanners controlling access, as well as 24-hour security officers and hundreds of surveillance cameras.
About Boston Options Exchange
The Boston Options Exchange Group, LLC (BOX) is an all-electronic equity options market that is jointly owned by the TMX Group and seven broker dealers. BOX was established in 2002 and launched trading in February 2004 as an alternative to the market models in existence at the time. Since inception, BOX has provided its participants with an efficient and transparent marketplace, cutting edge technology and best price filtering for customer order execution.
BOX offers many distinctive features as well as an innovative market structure. Its ultra-low latency trading engine has hubs in Chicago and New York. Matching is executed based on price-time priority, with no order cancellation fees. Other key features of BOX are its Price Improvement Period (PIP) auction process and multiple competing market makers. There are no DPMs or specialists and BOX has no seats to buy or lease. BOX has a very simple fee structure based upon transactions and offers make-or-take pricing in most of the penny classes. For more information, see the BOX website: www.bostonoptions.com.
About Equinix Financial eXchange
Equinix IBX data centers support a global financial community of buy-side and sell-side firms, hedge funds, execution venues, market data suppliers, network providers and trading technology vendors, all interconnected inside a neutral, open marketplace. Equinix has become the data center for the well-connected, offering low-latency connectivity and colocation capabilities via facilities around the world. Learn more at: http://financial.equinix.com
About Equinix
Equinix, Inc. (Nasdaq: EQIX) provides global data center services that ensure the vitality of the information-driven world. Global enterprises, content and financial companies, and network service providers rely upon Equinix's insight and expertise to protect and connect their most valued information assets. Equinix operates 42 International Business Exchange™ (IBX®) data centers across 18 markets in North America, Europe and Asia-Pacific.
Important information about Equinix is routinely posted on the investor relations page of its website located at www.equinix.com. We encourage you to check Equinix's website regularly for the most up-to-date information.
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. International Business Exchange is a trademark of Equinix, Inc.