Equinixâs newest next-generation London datacentre will provide a secure and scalable platform to support Chi-X Europeâs growth as it continues to establish itself as a significant alternative execution venue for European equities. Equinix will host Chi-X Europeâs matching engine at its primary datacentre in London and secondary datacentre in Frankfurt, providing participants the option of proximity-hosting their servers at either location.,
According to Hirander Misra, Chi-X Europeâs Chief Operating Officer: âAt Chi-X Europe, weâre committed to providing our customers with faster and more efficient connectivity and trading opportunities. Equinix has proven expertise in hosting exchange and alternative execution facilities in the US, Asia and Europe, and clearly understands the evolving requirements of execution venues as they grow. By partnering with Equinix, weâre able to address demands for more scalability, while locating in Equinixâs innovative new London datacentre to address our requirement for resilient power supplies and increased security.
âAdditionally, Equinixâs carrier-neutral market position ensures that Chi-X customers can choose from the greatest range of connectivity options, including the ability to co-locate,â he continued.
Chi-X Europe will take advantage of Equinixâs innovative datacentre architecture to achieve the resilience and redundancy that high-availability execution venues demand. Chi-X will also operate as part of Equinixâs Financial eXchange community approach, which enables next-generation financial communities located in interconnected datacentres to interact over ultra low-latency connections to achieve the marketâs fastest performance.
âWeâre delighted that Chi-X Europe has selected our new London datacentre to meet its demanding scalability requirements. Their decision supports and validates our strategy of building a scalable financial community outside of the City that is not constrained by traditional datacentre demands for space and power capacity, and which also addresses Chi-X Europeâs requirement for a secure location,â added Petrina Steele, VP of Business Development Europe for Equinix. âChi-X Europe will also benefit from our expertise in interconnectivity to potentially further reduce its average round-trip latency, and will take advantage of the direct access cross-connects in our financial hubs to connect with members of our expanding Equinix Financial eXchange community.â
With its Financial eXchange solution, Equinix was the first company to launch proximity services for an exchange in Europe. The service facilitates an electronic model for a next generation of financial hubs such as traditional exchanges, alternative venues such as Chi-X Europe, other trading platforms, market data vendors, clearing services and settlement providers. Hundreds of global financial firms and exchanges â including ICAP, The Intercontinental Exchange, Deutsche Borse, Nico Trading, Merrill Lynch, Fortis and Citibank - have already relocated their systems within Equinixâs network of Financial eXchange hubs to take advantage of the companyâs proven proximity capabilities.