January 19, 2010
Chi-X Canada Selects Switch and Dataâs Toronto Data Centre
TORONTO - January 19, 2010 - Chi-X® Canada ATS Limited and Switch and Data (NASDAQ: SDXC), a leading provider of network-neutral data centre and Internet exchange services, today announced that Chi-X Canada has selected Switch and Data's Toronto Financial EcoCenterSM at 151 Front Street as its primary data centre. The move to one of downtown Toronto's premier data centre facilities will allow Chi-X Canada to grow while continuing to provide equitable access to subscribers wishing to co-locate at the facility and even lower latency connectivity for its domestic and international direct subscribers.
“Since launching nearly two years ago, one of our primary focuses has been working with both our global subscriber base and the vendor community to provide fair, seamless and, above all else, low-latency access to our industry-leading trading platform,” said Dan Kessous, COO of Chi-X Canada. “Switch and Data's world-class Toronto facility will enable us to provide the level of service that our existing clients have come to expect from Chi-X Canada, while at the same time allowing us to continue bringing new global trading participants to Canada.”
“By virtue of its downtown location, our Toronto Financial EcoCenter sits at the terminus of several of the long-haul fibre optic cables originating in New York and Chicago. As such, many of the world's leading trading firms and vendors are already connected, making 151 Front Street an ideal location for Chi-X Canada's primary data centre,” said John Panzica, Vice President Financial Services Practice for Switch and Data.
Chi-X Canada will retain its current Exchange Tower data centre as its backup facility, and expects the move to 151 Front Street to take place in late Q2.
By hosting its co-location customers and its industry-leading matching engine with Switch and Data, Chi-X Canada will provide a secure and scalable facility to support its continued growth as one of Canada's largest equities marketplaces. Switch and Data's site is located within 151 Front Street, one of the pre-eminent telecommunications carrier hotel and data centre facilities in Canada. The facility provides resilient and redundant cooling, UPS and generator systems plus 24x7 site security, environmental and infrastructure monitoring, and technical support. The site has been designed to provide high-density power and cooling for the latest generation of servers.
About Switch and Data
Switch and Data (NASDAQ: SDXC) is a premier provider of network-neutral data centers that house, power and interconnect the Internet. Leading content companies, enterprises and communications service providers rely on Switch and Data to connect to customers and exchange Internet traffic. Switch and Data has built a reputation for world-class service, delivered across the broadest colocation footprint and richest network of interconnections in North America. Switch and Data operates 34 sites in the U.S. and Canada, provides one of the highest customer satisfaction scores for technical and engineering support in the industry, and is home to PAIX®— the world's first commercial Internet exchange.
Important information about Switch and Data is routinely posted to the investor relations section of the company's website www.switchanddata.com. For copies of all Switch and Data press releases and SEC filings, please visit the website. To automatically receive Switch and Data financial news by email, please visit the website and subscribe to Email Alerts. Investors are encouraged to check Switch and Data's website frequently to access the most up-to-date information.
About Chi-X® Canada
Chi-X Canada is a high-performance, fully anonymous and low-cost continuous alternative trading system (ATS) for TSX-listed senior equities from 8:30 am to 5:00 pm ET. The platform supports a wide array of advanced order types, is based on strict price-time priority and provides the ability to smart-route orders to displayed and non-displayed equities marketplaces in Canada. Chi-X Canada aims to provide trading efficiency and cost savings to investors and ultimately to help increase market volumes as systems of this nature have done in other markets around the world. For more information, please visit www.chi-xcanada.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.