Surge Trading Group, the holding company of Surge Trading, the New York-based electronic market maker, today announced that it has selected Equinix, (Nasdaq: EQIX), a provider of global data center services, for strategic and resilient colocation and business continuity services for its critical trading infrastructure.
As part of Surge Trading's commitment to provide the highest level of service possible, the firm will leverage Equinix's network-neutral colocation and continuity trading services.
Surge Trading's NY data center will be relocated to the Equinix NY4 International Business ExchangeTM (IBX®) facility in the New York metro area. The firm's disaster recovery data center will be located at the Equinix DC6 facility in Ashburn, VA. Equinix's Business Continuity Trading Room (BCTR), located in North Bergen, NJ, the first to be offered by Equinix in the U.S., will be the new home of Surge Trading's Continuity Trading Room.
Inside Equinix, Surge Trading's technology platform will be supported by public and private networks, which optimize connectivity and redundancy. As part of the rich financial ecosystem inside Equinix, Surge Trading will also have direct access to a multitude of financial market participants.
Since the launch of Surge Trading in 2009, the firm has been committed to providing superior trade execution services and electronic market access, and has seen accelerating growth and demand for its offerings. This growth, combined with a commitment to process client orders with optimal execution, prompted the search for a data center provider offering extremely low latency connectivity, along with a scalable architecture for future growth. Another critical component of the decision to move to Equinix is its power and cooling infrastructure, as well as physical security and technical expertise.
"We are pleased to be working with Equinix, a recognized leader in colocation services," said Joseph M. Marinaro, chief business development and strategy officer at Surge Trading. "Our clients expect us to deliver best execution services and we strive to exceed expectations by ensuring that our service providers meet the highest standards. Additionally, working with Equinix will allow us to develop and scale new offerings for our clients aas the market demands. Furthermore, our clients can expect a seamless migration with no impact to their day-to-day dealings with the firm."
"Resiliency for mission critical trading applications is a key issue for financial businesses today," said Allan Graham, director of business continuity products for Equinix. "We look forward to supporting Surge Trading by providing back-up infrastructure solutions for both technology and people involved in the company's trading operation.