Stock exchange simplifies cost and streamlines connectivity via Platform Equinix
Equinix, Inc. (Nasdaq: EQIX), the global interconnection and data center company, today announced that CNSX Markets Inc. (CNSX Markets) has deployed a point of presence (PoP) in Equinix’s TR1 International Business Exchange™ (IBX®) data center in Toronto, Canada.
Spurred by requests from customers already located in the Equinix TR1 facility, CNSX Markets expanded its infrastructure into TR1 to streamline connectivity and reduce costs.
CNSX Markets, a recognized stock exchange, is the operator of two venues: the Canadian National Stock Exchange (CNSX) and Pure Trading™. CNSX is a venue for listing and trading of Canadian public companies, primarily in their early stage of development. Pure Trading provides a low latency/high performance continuous auction market system for securities listed on other Canadian stock exchanges.
Location directly affects cost trajectories, system performance and a financial institution’s ability to keep up with fast moving trends. CNSX Markets’ new PoP in Toronto positions its systems for maximum connectivity, performance and agility, which lowers the barrier to entry for dealer participation.
Equinix’s TR1 IBX data center is located in the preeminent telecommunications carrier hotel and data center facility in Canada. TR1 provides CNSX Markets with a full array of premium data center and support services with extensive network choice and the ability to interconnect to customers and partners across the financial services ecosystem.
Richard Carleton, CEO, CNSX Markets: “The Equinix data center in downtown Toronto represents a significant concentration of equity market liquidity in Canada. As an organization, we are constantly looking for ways to assist our dealers and other market participants to reduce costs and network management challenges. By offering our customers a low cost, high performance access to our services through the new point of presence at Equinix we can broaden the access and visibility of our marketplaces.”
Stewart Orrell, managing director, Global Financial Services, Equinix: “CNSX’s point of presence will be a valuable addition to our growing financial ecosystem, offering direct access to an even wider range of securities and market data available from one location.”