CME Group Selects Equinix for London-Based CME Globex Hub
Leading global exchange to open a European electronic trading hub in Equinix’s
REDWOOD CITY, Calif. & LONDON -- April 11, 2013
Equinix Inc. (Nasdaq: EQIX), the global interconnection and data center
company, today announced that CME Group, the world’s leading and most diverse
derivatives marketplace, is establishing a European CME Globex hub inside
Equinix’s London, Slough LD4/LD5 data center campus.
The CME Globex hub is scheduled to open in May 2013. Once completed, it will
enable further alignment with the CME Group’s regional customers, while
providing the company access to an expansive community of potential customers
located inside Equinix International Business Exchange™ (IBX®) data centers
around the world.
Highlights / Key Facts
*Approximately 25 percent of CME Group’s electronic trading volume comes
from outside the United States, primarily from the EMEA region. Locating
the CME Globex hub at Equinix’s LD4/LD5 campus gives CME Group a
significant advantage by placing its business within close proximity to
Europe’s leading trading platforms and electronic trading customers.
*New market regulations across Europe are driving the movement of
derivatives to trade on exchanges resulting in trade processing through
central clearing houses and data being reported and housed in trade
repositories. Over the past few years, Equinix has built a cross-asset
class business which is well-positioned to meet the demands of the
evolving algorithmic trading market and its growth into additional asset
classes such as FX and derivatives.
*CME Group exchanges offer the widest range of global benchmark products
across all major asset classes, including futures and options based on
interest rates, equity indexes, foreign exchange, energy, agricultural
commodities, metals, weather and real estate. The group brings buyers and
sellers together through its CME Globex^® electronic trading platform and
its trading facilities in New York and Chicago.
*Customers interested in connecting to the CME Globex hub simply need to
either acquire space in Equinix’s LD4/LD5 campus and cross-connect to the
platform or lease a line.
*William Knottenbelt, managing director EMEA, CME Group:
“We continue to see growing demand from our customers based throughout
Europe for our product offerings, which means that we also need to focus
on building our infrastructure and technology capabilities in the region.
By opening this new hub with Equinix, we are helping our customers achieve
better cost and technology management efficiencies with the added benefit
of accelerated access to our markets.”
*Stewart Orrell, managing director of Global Financial Services, Equinix:
“In today’s evolving market, exchanges want to reach the largest trading
community with the lowest infrastructure costs, using data centers already
well-populated with their target customers. Equinix is the only
network-neutral data center provider that’s able to meet these needs
globally, and CME Group will be a uniquely powerful addition to the
thriving financial ecosystem inside Equinix.”
Equinix, Inc. (Nasdaq: EQIX), connects more than 4,000 companies directly to
their customers and partners inside the world’s most networked data centers.
Today, businesses leverage the Equinix interconnection platform in 31
strategic markets across the Americas, EMEA and Asia-Pacific. www.equinix.com.
Forward Looking Statements
This press release contains forward-looking statements that involve risks and
uncertainties. Actual results may differ materially from expectations
discussed in such forward-looking statements. Factors that might cause such
differences include, but are not limited to, the challenges of acquiring,
operating and constructing IBX centers and developing, deploying and
delivering Equinix services; unanticipated costs or difficulties relating to
the integration of companies we have acquired or will acquire into Equinix; a
failure to receive significant revenue from customers in recently built out or
acquired data centers; failure to complete any financing arrangements
contemplated from time to time; competition from existing and new competitors;
the ability to generate sufficient cash flow or otherwise obtain funds to
repay new or outstanding indebtedness; the loss or decline in business from
our key customers; and other risks described from time to time in Equinix’s
filings with the Securities and Exchange Commission. In particular, see
Equinix’s recent quarterly and annual reports filed with the Securities and
Exchange Commission, copies of which are available upon request from Equinix.
Equinix does not assume any obligation to update the forward-looking
information contained in this press release.
Equinix and IBX are registered trademarks of Equinix, Inc.
International Business Exchange is a trademark of Equinix, Inc.
Equinix Media Contacts
Melissa Neumann, +1 650-598-6098
GolinHarris for Equinix, Inc.
Liam Rose, +1 415-318-4380
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