ParFX Selects Equinix London Data Center
New ParFX global foreign exchange platform gains access to Equinix’s financial
REDWOOD CITY, Calif. & LONDON -- August 13, 2013
Equinix, Inc. (Nasdaq: EQIX), the global interconnection and data center
company, today announced that ParFX, the new Tradition-owned wholesale
electronic spot FX trading platform, has launched from Equinix’s London Slough
International Business Exchange™ (IBX®) data center campus.
Designed to bring renewed transparency, efficiency and equality to the global
spot FX market, ParFX is open to all professional institutions able to settle
via Continuous Linked Settlement (CLS) and provides Equinix’s customers in the
London Slough data center campus with easy access to FX liquidity.
Highlights / Key Facts
*The ParFX trading platform provides market participants with a low-cost,
easy-to-access, transparent and equitable venue for sourcing FX liquidity.
The platform’s unique matching mechanism applies a randomized pause to all
order elements, creating a level playing field for participants,
regardless of location, technological sophistication or financial
*ParFX selected Equinix because of its market leadership position, broad
range of trading customers and unrivalled global reach. The London Slough
campus provides access to over 50 network providers and more than 170
trading participants, reducing time-to-market, and lowering barriers to
entry while providing high levels of resilience.
*In choosing Equinix, ParFX positions its platform directly alongside many
other leading trading venues and connects with hundreds of FX
institutional traders, trading platforms and ECNs globally to enable
‘follow the sun’ FX trading.
*Through Equinix’s global IBX footprint, an ecosystem of nearly 800 global
financial services institutions will be able to connect to ParFX.
*Roger Rutherford, chief operating officer, ParFX:
“The ParFX founder banks came to us because they believed there was a need
for change in the FX market ecology and for the creation of a truly level
playing field. That need is at the heart of the ParFX philosophy.
Equinix’s London Slough data center campus offers world-class support with
global reach, congregating players and service providers across FX,
providing the opportunity to adapt and scale our business according to
*Dick Theunissen, chief marketing officer, EMEA atEquinix
“ParFX is a valuable addition to the Equinix financial ecosystem,
extending the range of venues we host across Asset classes. Its pioneering
low cost and transparent trading services will provide FX market
participants located on Platform Equinix with a popular and equitable
venue for sourcing FX liquidity.”
*About Equinix London Data Centers
Tradition is one of the world's largest interdealer brokers in
over-the-counter financial and commodity-related products. Represented in 28
countries, Tradition employs 2,400 people globally. Tradition is the trading
name of Compagnie Financière Tradition (CFT), which is listed on the Swiss
stock exchange. Tradition’s activities are overseen by global regulators
including the FCA, SEC and CFTC. For more information, please visit
www.tradition.com. Tradition and ParFX are registered trademarks of Compagnie
Financière Tradition S.A. www.parfx.com
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, +1 650-598-6590
Caroline Kawashima, +1 415-318-4367
ParFX Media Contact
John Sarsfield/James Morgan/Fern Hammond, +44 20 3128 8530/8533/8092
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