Equinix (Nasdaq:EQIX), a provider of global data center services, today announced that Orange Business Services - Trading Solutions, the leader in voice and electronic trading infrastructure and services for the trading communities has chosen Equinix's NY4 data center to enable direct market access to its trading partners in Brazil.
Trading Solutions' dedicated network, TCSnet, has been available in Sao Paulo since last year where it offers connectivity to the BM&FBOVESPA exchange, as well as trading firms and brokers in the Brazilian market. Trading Solutions wanted a strategic point of presence (PoP) in the New York area and chose Equinix's International Business ExchangeTM (IBX®) NY4 data center in Secaucus, NJ, for its extensive financial services ecosystem and the ability to provide connectivity to Brazilian customers within 24 to 48 hours.
Jerry Mattiace, vice president, North America, Orange Business Services - Trading Solutions, said: "Our customers in the New York area want to trade directly with firms in Brazil and have direct access to BM&FBOVESPA. Equinix offers us the widest range of financial services partners under one roof and the ability to connect them to our Brazilian network within hours."
Mo Takhim, head of managed services at Ullink, provider of comprehensive low-latency connectivity and trading solutions, and customer of Trading Solutions, said: "Demand for connectivity and trading access to the Brazilian market is increasing, as Brazilian traders seek high-speed access to the U.S. and other markets. Trading Solutions' relationship with Equinix expands incoming business for our members and at the same time it facilitates outgoing trades."
Trading Solutions connects to the Rio de Janeiro, São Paulo and Tamboré sites owned by ALOG Data Centers of Brazil. Equinix recently announced the completion of its acquisition of ALOG Data Centers of Brazil S.A.
John Knuff, general manager global financial services at Equinix, said: "Our expanding financial ecosystem connects exchanges, sell-side and buy-side firms, as well as market data and service providers to new opportunities in markets around the world. Trading Solutions' Brazil link to NY4 represents another compelling option for the financial community inside Equinix, as well as for participants in Brazil."
Mattiace added: "Trading Solutions differentiated itself early on from competitors by creating innovative networks in some of the world's most exotic locations, and what are now emerging markets. Brazil is growing rapidly now that BM&FBOVESPA enables high frequency trading capabilities."