FEBRUARY 7, 2006
Equinix Solidifies Leadership in Financial Services Market with Key Customer Wins and 69% Growth of Financial Exchange Service in 2005
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Foster City, CA — February 7, 2006 — Equinix, Inc. (Nasdaq: EQIX),the leading provider of network-neutral data centers and Internet exchange services, today announced the addition of 16 new customers in 2005 on the company’s Equinix Financial eXchange™ service, representing an annual contract value growth rate of 69% in 2005. As of year-end 2005, the financial vertical, including Financial eXchange service customers, accounted for $18.1 million in annual contract value.
New Equinix Financial eXchange customers added in 2005 include Trading Technologies International, Inc., Penson Financial Services, GL Trade Americas, Pipeline Trading Systems, IBSN, Intercontinental Exchange, International Trading Group, Madison Tyler LLC, NYFIX, Equitec Proprietary Markets, Patterson Capital Markets, Breakwater Trading, Speed Trading Group, Radianz Americas, Resource ET, and RTS Realtime Systems. These customers joined the 25 companies already participating on the platform.
Other new financial services customers added in 2005 include Fidelity Information Systems, Harbor Capital Advisors, PNC Bank, and Inforeach. These companies join the more than 56 financial service customers at Equinix.
With critical requirements for the highest levels of security and uptime, these financial services companies have found Equinix’s Internet Business Exchange™ (IBX®) centers ideal locations to operate their information technology infrastructure. At Equinix, they directly interconnect with an aggregation of network service providers and other trading partners within the same IBX center, eliminating the cost as well as the performance degradation associated with linking to multiple partners over great geographic distances. The result is a reduction in connectivity costs, an improvement in end-user performance and an increase in reliability and redundancy.
For financial trading companies, Equinix’s Financial eXchange service, launched just over two years ago, offers a platform that provides network redundancy along with a data center environment to ensure the highest levels of performance, flexibility and operational continuity for critical electronic trading operations. The service offers a fast, reliable and convenient platform for banks, financial trading companies and financial exchanges to interconnect with each other and with multiple network service providers in order to execute financial transactions. The results are faster transaction processing, lower costs, and enhanced trading capabilities. Some of the largest names in the industry are participating in the service, including optionsXpress, Eurex First Traders Analytical Solutions, ATOS Euronext Market Solutions, Rosenthal Collins Group LLC and TradeStation.
The growth of Equinix’s Financial eXchange platform has been fueled by the increasingly important role that technology is playing in the trading industry, enabling electronic trading exchanges to replace traditional floor trading exchanges. By removing the human element from the equation and inserting algorithms and advanced networking, trading companies gain a competitive advantage and are able to provide greater access while reducing exposure to risk. The recent industry acquisitions are strong indicators of the growing importance of electronic trading.
“The speed and reliability of our IT infrastructure have become critical elements of our business, and we have built our reputation around providing a high-performance online brokerage for the trading of options and other securities,” said Ben Stein, vice president of IT infrastructure at optionsXpress. “Equinix’s Chicago IBX center is a unique facility where all of the top players in the financial trading industry locate their IT operations under a single roof, enabling us to have the most streamlined links to our strategic partners and customers.”
“The advent of electronic trading has enabled the financial services industry to offer new services and to more efficiently deliver existing services,” said Margie Backaus, chief business officer. “As such, it has also placed significant requirements on IT operations for efficient interconnection with trading partners. The addition of these new customers to the critical mass of financial services companies operating at Equinix makes us an even more attractive location for existing and new financial companies that require a secure location to streamline their network and trading partner interconnections with strategic partners.”