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CBOE moves to Equinix NY data centre

04 December 2012  |  1042 views  |  0 Source: Equinix

Equinix, Inc. (Nasdaq: EQIX), the global interconnection and data center company, today announced that CBOE Holdings, Inc. (CBOE) - home of the largest and oldest U.S. options exchange, Chicago Board Options Exchange (CBOE) ― is moving its CBOE Command™ trading engine platform to the NY4 International Business Exchange™ (IBX®) data center in Secaucus, N.J.

The move, which was completed on Monday, December 3, brings one of the fastest exchange platforms from Chicago to the New York area, eliminating distance latency, accelerating trading speed and allowing customers and partners inside the Equinix financial ecosystem in New York to connect directly to the CBOE Command platform.

With the CBOE Command move complete, CBOE, CBOE Futures Exchange (CFE) and One Chicago will join C2 Options Exchange (C2) and CBOE Stock Exchange (CBSX) at Equinix's New York data center campus. The move will put all five exchanges in closer proximity to the financial service companies that are run inside Equinix's New York data centers. By using Platform Equinix™, CBOE can connect with more than 700 financial services companies and more than 75 exchanges now connected at Equinix.

"CBOE systems have always been engineered for maximum flexibility and scalability, which allows us to quickly and cost-effectively launch new products and adapt to any trading environment," said Gerald O'Connell, CBOE executive vice president and CIO. "Now, by combining the power of our state-of-the-art CBOE Command platform and the unparalleled interconnectivity and reliability of the Equinix network, we can rapidly add new products, enhance trading speed and streamline customer access to the most comprehensive array of options and volatility products anywhere."

"The Equinix New York campus has become a crucial center for the financial services industry in this region, where leading venues, service providers and market participants directly connect with one another to streamline performance while effectively managing connectivity cost trajectories," said John Knuff, general manager, Global Financial Services for Equinix. "The largest U.S. options exchange moving in next to existing CBOE Holdings exchanges in Secaucus underscores the critical importance of co-location hubs in the new global trading landscape."

Next year, CBOE Futures Exchange also plans to establish a London hub in Equinix's LD4 data center in Slough, England. This is intended to provide European firms with a cost-efficient way to send and receive CFE data and to execute trades on the exchange.

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