Source: Equinix
Equinix, Inc. (NASDAQ: EQIX), a provider of global data center services, today announced that BATS Europe, a global operator of securities and derivatives markets, has signed a long-term deal to relocate the BATS Europe trading platform to Equinix's London LD4 International Business Exchange™ (IBX®) data center.
Scheduled for October 2011, the switchover will provide a secure, low-latency, high-performance trading environment for BATS Europe's integrated and dark electronic trading books.
BATS Europe's relocation to Equinix will further strengthen the rich financial ecosystem at LD4, attracting new trading participants and complementing the existing equities, foreign exchange and fixed income trading venues already housed in the data center. The presence of this significant trading venue will also increase market opportunities for more than 250 financial services customers interconnected across the rich European financial trading communities within Zurich, Frankfurt and London.
As one of Europe's largest pan-European trading platforms, BATS Europe caters to the needs of the broker-dealer and trading community. Currently, a dedicated ultra-fast link between the current BATS Europe site and Equinix LD4 IBX is being installed. To ensure a smooth transition and minimize risk and disruption, extensive network and operational testing will be conducted before going live.
"As a recognized leader in financial IT infrastructure, Equinix provides the type of high quality hosting foundation that we require as we continue to grow our market share and operate in the top global financial markets," said Paul O'Donnell, chief operating officer, BATS Europe. "We're confident that our trading platform, housed in Equinix's world-class facility, will deliver a compelling and attractive offering to our existing and potential customers."
"Equinix is delighted to welcome BATS Europe to Platform Equinix and our LD4 facility, delivering innovative electronic trading services to the Equinix financial ecosystem," said Russell Poole, general manager, Equinix UK. "This announcement reflects Equinix's ongoing commitment to meeting the growing demands of the trading community. Through high performance standards, consistency of service and the ability to attract key participants, Equinix continues to cement its position as the destination of choice for the financial services sector. Equinix looks forward to working closely with BATS Europe over the coming months to ensure a smooth switch over, and to developing our relationship in the future."