The International Securities Exchange (ISE) and Direct Edge today announced that they have jointly selected Telx to provide disaster recovery data center services as part of a comprehensive new data center strategy program.
Working together, ISE and Direct Edge will offer their member firms access to a robust and secure data center capable of managing the complex technology environment of ISE's options exchange and Direct Edge's two equity trading platforms. Furthermore, this initiative leverages the facilities management agreement between the two firms and provides additional synergies from the unique partnership between ISE and Direct Edge. Direct Edge is the fastest growing marketplace in the U.S. equities space, having recently become the third largest stock market in the country. ISE operates the world's largest equity options exchange.
"Telx offers a multitude of network and connectivity options that will provide flexibility for both ISE's and Direct Edge's member firms. With their exceptional customer service and state-of-the art technology, we are confident that Telx's customer-oriented approach will meet the unique needs of our customers," said Daniel Friel, ISE's Chief Information Officer.
"Telx understands our customers' need for low-latency connectivity," said Steve Bonanno, Chief Technology Officer at Direct Edge. "The numerous connectivity choices Telx offers will help expedite the customer migration to the disaster recovery data center, which we want to have happen swiftly and smoothly."
"Telx is extremely pleased that we were able to satisfy ISE and Direct Edge's substantial infrastructure and performance requirements. ISE's and Direct Edge's selection of Telx validates our focus and growth in the financial services vertical as well as in proximity hosting in key markets such as the New York/New Jersey metro region, Chicago, and San Francisco," said Eric Shepcaro, Chief Executive Officer of Telx.
ISE will be building out the Telx site over the coming eighteen months in order to ensure a smooth migration for member firms to the new Global Trading System platform in late 2010. Direct Edge plans to launch its Telx-based disaster recovery site in the second quarter of 2010, with customer migration expected to begin early in the first quarter of 2010.