June 12, 2007
IXEurope to demonstrate low latency proximity datacentre solutions at Futures Industry Association (FIA) conferences in London and New York
IXEurope Plc (“IXEurope”, AIM: IXE), Europe's specialist datacentre services company, will showcase its low latency datacentre and proximity services and MiFID related solutions for financial markets at the forthcoming series of Futures Industry Association (FIA) conferences in both London and New York.
With its IXFX™ (IXEurope Financial Exchange) solution IXEurope can provide exchanges and other trading venues with a highly resilient and convenient co-location platform that enables ultra low latency performance and also provides an ideal platform for banks, financial trading companies and financial exchanges to interconnect with each other. With 14 state-of-the-art IXDatacentre facilities in key European financial centres, IXEurope provides secure co-location services to over 450 enterprise customers.
“In a market where both buy-side and sell-side firms depend on execution speed, milliseconds can make the difference between success and failure - particularly with the introduction of the EU's new MiFID legislation which introduces a new requirement for best execution trading for trading firms and execution venues,” commented Guy Willner, CEO at IXEurope. “This development, coupled with the growth in algorithmic trading and alternative trading strategies means there's a growing requirement for ultra-low latency proximity services, and we look forward to demonstrating our IXFX™ proximity solution for financial organisations at the upcoming FIA conferences in London and New York.”
IXEurope will exhibit and sponsor the FIA OpTech 2007 on the 14 June in New York, presented by FIA Futures Services Division, FIA Chicago and the FIA Information Technology Divisions. The event serves more than 250 operations and information technology professionals from FCMs, brokerage firms, banks, exchanges, money management firms and technology vendors.
The company will also be sponsoring the International Derivatives Conference which will take place in London on 20 - 21 June and is organised by the FIA and Futures and Options Association (FOA), as well as at International Derivatives Week (18 - 22 June), which provides a major showcase for the derivatives industry in the United Kingdom as well as attracting participants from the world's leading financial centres and emerging markets.
IXEurope's IXFX solution has been designed to offer financial organisations the speed, flexibility and competitiveness they need to execute financial transactions with the minimum of latency, making it an optimum solution for firms looking to deliver best execution under MiFID and provide support for algorithmic trading engines. In addition, the company's Europe-wide hosting infrastructure enables the creation of neutral interactive communities for banks, financial trading companies and exchanges to interconnect with each other and multiple network service providers in order to execute financial transactions with the minimum of latency.
IXEurope is one of Europe's fastest growing providers of datacentre services. Its principal activities include primary datacentre services, connectivity services and business continuity solutions.
IXEurope works with enterprise and Internet customers to provide resilient datacentre infrastructure to house their IT systems far more cost-effectively than through in-house provision. The benefits include optimised IT performance, improved systems availability and reduced corporate risk through improved regulatory compliance. By continually focusing on quality, IXEurope also gives clients exceptional service levels and on-site access to a high level of technical expertise.
With award winning datacentre facilities in key European cities, broad technology expertise and a proven track record, IXEurope provides solutions that give customers the confidence that their operations are protected. The Company is ISO 9001:2000 certified and has over 450 customers in the enterprise, Internet and networking markets including Merrill Lynch, Deutsche Boerse, Citigroup, Rackspace and SurfControl.
IXEurope is listed on the London Stock Exchange Alternative Investment Market.
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 IXEurope into Equinix; a failure to receive significant revenue from customers in recently built out 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; the results of any litigation relating to past stock option grants and practices; 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.
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