19 August 2017
visit www.avoka.com

Equinix buys Frankfurt data centre as demand from financial firms builds

23 July 2009  |  3388 views  |  0 blue circuits

Equinix has acquired a data centre in Frankfurt and outlined plans to expand one of its New York sites on the back of strong demand from financial services firms.

The news comes as the Silicon Valley-based firm reports strong second quarter financial results. Revenue for Q2 was $213.2 million, 24% up on the same period the previous year. Net income was $17.4 million, or $0.44 a share, compared to $0.7 million, $0.02 a share, in 2008.

As major global trading hubs, New York and Frankfurt are both seeing demand for colocation space and network interconnection services outpace supply, says Equinix.

The firm has seen significant growth in both markets for Equinix Financial eXchange, a community of execution venues, buy and sell side firms, and technology utilities that have located at its data centres.

Chi-X Europe, Deutsche Boerse, Nyse Liffe and 7ticks have all joined Equinix Financial eXchange recently in Frankfurt, while the Boston Options Exchange, Chicago Board Options Exchange, The International Securities Exchange and Fixnetix have signed up in New York.

Equinix paid around $30 million for the 130,000 square foot Frankfurt data centre. The site, formerly operated by Exodus Communications, will have a total capacity of about 3300 cabinet equivalents.

The centre will be built out in phases, with the first expected to open in November, adding approximately 1700 cabinet equivalents. The company says it will invest up to $10 million in capital expenditures in the first phase.

In addition, the firm's site at Secaucus, New Jersey, is set for a $100 million expansion, adding 1250 sellable cabinets

Steve Smith, president and CEO, Equinix, says: "New York and Frankfurt continue to be strong markets for colocation and interconnection services, with significant growth from the enterprise, network and financial services industry. Financial market participants rely on Equinix's existing community of financial trading companies and electronic trading networks for low-latency order flow and trading."

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Nyse Euronext teams with Juniper to build faster network

Nyse Euronext teams with Juniper to build faster network

25 June 2009  |  4147 views  |  0 comments
Crunch hits London data centre market

Crunch hits London data centre market

07 July 2008  |  5215 views  |  0 comments
OMX outsources networks and data centres to Verizon

OMX outsources networks and data centres to Verizon

24 September 2007  |  4191 views  |  0 comments

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.dorsum.euvisit www.worldpaymentsreport.comdownload the paper now

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
8047 views comments | 22 tweets | 23 linkedin
Norwegian banks and startups form fintech clusterNorwegian banks and startups form fintech...
7416 views comments | 19 tweets | 23 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
6272 views comments | 10 tweets | 7 linkedin
hands typing furiouslyWhy Blockchain Might Not Be The Future For...
6133 views 1 | 5 tweets | 3 linkedin
Apple sidelined as Beijing transit system launches payments appApple sidelined as Beijing transit system...
5979 views comments | 11 tweets | 9 linkedin

Featured job

Find your next job