Equinix (Nasdaq: EQIX), a provider of global data centre services, today announced that Need to Know News, LLC (NTKN) has launched its Lightning Bolt algorithmic news feed service within the Equinix Frankfurt-North (FR2) International Business Exchange (IBX) data centre.
The service will be available to the community of financial trading companies currently operating within the centre, including buy and sell side firms which rely on real-time news feeds to improve their trading operations. NTKN currently offers the service at Equinix centres in the New York and Chicago areas.
NTKN is a premier financial news service specialising in computer readable news feeds for algorithmic trading and risk management, and it also provides written and audio economic news. Disseminated to traders and investment professionals around the world, NTKN reports market news in real-time, providing in-depth coverage of the U.S. and European futures markets, fixed income, energies, and foreign exchange markets. The company's Lightning Bolt service provides key economic indicators in a computer readable format for monitoring, analysis and easy incorporation into computer models.
By operating at Equinix, NTKN will have access to the Equinix Financial eXchange, a community of capital market participants that locate operations within Equinix data centres in order to benefit from a high-performance, low latency connectivity infrastructure within a neutral environment. At Equinix, companies can directly exchange data within the same physical location with strategic partners, customers and vendors, thereby enhancing their trading decisions and risk avoidance operations. They will also have access to a broad range of high-performance network connectivity and data centre services.
"Our IT infrastructure is a key differentiator in the service that we provide to capital market participants who depend upon us for fast, secure and reliable market data," said Clint Rhea, Chief Operating Officer of Need to Know News. "In addition to providing a high-performance and scalable data centre environment for us and our customers, Equinix also provides direct access to a vibrant financial trading community already participating on the company's Equinix inix Financial eXchange service. We derive significant value from operating in the same physical location as our customers, who in turn, have come to Equinix to be in close proximity to the global financial exchanges operating within its data centres."
"As a technology leader in the electronic delivery of news for the financial trading industry, Need to Know News relies on close proximity with its customers and partners to deliver the fastest and most reliable service," said Petrina Steele, Equinix's Vice President for Business Development in Europe. "At Equinix, they can directly reach the major hedge funds, high frequency trading firms, proprietary trading firms, and investment banks that are already operating within Equinix centres."