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Boston Options Exchange moves to Equinix data centre

13 July 2009  |  1504 views  |  0 Source: Equinix

Equinix (Nasdaq: EQIX), a provider of global data centre services, announced today the Boston Options Exchange (BOX) will locate its primary matching engines for its all electronic equity options market at the Equinix New York-4 (NY4) International Business Exchange (IBX) data centre in Secaucus, NJ.

The move will provide BOX customers, including proprietary, high-frequency and algorithmic trading firms, with a scalable data centre infrastructure from which they can directly connect to the BOX matching engine.

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-recognised by the global high-frequency trading community.

Within Equinix's NY4 centre, BOX will participate in Equinix 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 centres. 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 centres 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 centre 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. "Equinix Financial eXchange offers global trading firms with ith the data and market access they need to trade in North America. In addition to benefiting our current customers in the NY4 centre, BOX will directly benefit from our base of global network providers that enable un-constricted order flow to their exchange."

Equinix's data centres enable financial firms to meet the strict regulatory requirements for secure and redundant physical infrastructure. Power operations at each centre 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.

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