C2's participation in Equinix Financial eXchange at the NY4 center will provide the growing number of electronic trading firms in the center with direct proximity to CBOE's C2 options products. Equinix Financial eXchange serves capital market participants such as exchanges, buy and sell side firms, market data providers, technology utilities and network service providers. These companies locate operations within Equinix data centers in order to implement a high-performance, low latency connectivity infrastructure within a neutral environment. In addition, the NY4 center can accommodate the latest power, cooling and space demands of the new generation of IT equipment, allowing financial companies to focus on their core competencies rather than on the increasingly complex management of a high-performance data center infrastructure.
"This move brings all the benefits of the operations CBOE currently has in the Chicago area to the immediate proximity of the leading market participants in the New York area, reducing the latency in an industry where milliseconds can make a significant difference," said Gerald O'Connell, executive vice president and chief information officer for Chicago Board Options Exchange.
"The launch of CBOE's new electronic trading platform within Equinix's NY4 data center will provide a significant benefit to the existing financial trading companies and networks already operating within the center, and it will allow new CBOE customers to place their trading infrastructure within our flexible and high-performance data center environment," said John Knuff, director of business development for Equinix.