August 23, 2011
Chi-East Selects Equinix as its Primary Data Centre
Chi-East Selects Equinix as its Primary Data Centre
SINGAPORE — August 23, 2011 — Chi-East, the independent, pan-Asian trading venue, and Equinix, Inc. (Nasdaq: EQIX), a provider of global data centre services, today announced that Chi-East has chosen Equinix’s Singapore 2 (SG2) International Business Exchange™ (IBX®) as its primary data centre. Chi-East, which commenced operations in the fourth quarter of 2010, is the world’s first exchange-backed, non-displayed trading platform1 for securities listed in Hong Kong, Japan and Singapore.
With the selection of Equinix, Chi-East’s participants will benefit from the data centre provider’s existing carrier and financial network connectivity infrastructure, offering participants low latency proximity hosting options for the 3,264 securities currently supported on Chi-East’s system. This includes all SGX-listed shares, all Hong Kong Main Board listed shares, the component stocks of the TOPIX 100 and all listed ETFs in the three markets.
“One of the unique features of Chi-East is our ability to provide non-displayed trading to clients located throughout Asia from a single location in Singapore. To do this, we have selected a partner that can provide low latency services to our trading participants,” said Ned Phillips, CEO of Chi-East. “We chose Platform Equinix because of its established financial ecosystem, low latency infrastructure and highly secure environment.
“Equinix constantly meets the stringent requirements of the financial community for high performance, connectivity and low latency. We are pleased to support Chi-East in achieving its goal of becoming the first exchange-backed non-display liquidity venue in Asia Pacific,” said David Wilkinson, senior director, business development for Equinix in Asia Pacific.
“The addition of a strong trading venue like Chi-East to the Equinix portfolio showcases our capabilities to provide a neutral environment with optimal connectivity. It further demonstrates how Platform Equinix can provide market participants with access to new business opportunities across multiple locations,” added Wilkinson.
Notes to the Editor:
Exchange-backed non-display trading platforms: A stock exchange-affiliated trading platform used by broker dealers to enable their institutional investor clients to make large transactions without exposing their strategy or causing an excessive market reaction. Chi-East is 50% owned by Singapore Exchange.
Chi-East is an independent, non-displayed liquidity aggregator for the sell-side, which supports the anonymous trading of select securities listed in Hong Kong, Japan and Singapore. It offers its clients a range of solutions for executing block transactions with price improvement, including mid-point pricing, low latency and, through LCH.Clearnet, cost-efficient clearing and settlement processes. Based in Singapore, Chi-East is a joint venture between Chi-X Global and Singapore Exchange.
For more information, please visit the Chi-East website: www.chi-east.com
About Equinix in the Global Financial Markets
Equinix provides a neutral meeting place for the world’s leading financial market participants including trading venues, buy and sell side firms, market data providers, technology providers and financial networks. These customers locate servers and infrastructure within Equinix data centers to support mission critical financial services applications with highly reliable, low-latency connectivity. Learn more at: http://www.equinix.com/industries/financial-exchange/
Equinix, Inc. (Nasdaq: EQIX) connects businesses with partners and customers around the world through a global platform of high performance data centers, containing dynamic ecosystems and the broadest choice of networks. Platform Equinix connects more than 4,000 enterprises, cloud, digital content and financial companies including more than 675 network service providers to help them grow their businesses, improve application performance and protect their vital digital assets. Equinix operates in 38 strategic markets across the Americas, EMEA and Asia-Pacific and continually invests in expanding its platform to power customer growth. http://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.