PFGBEST Chooses Equinix for Proximity Hosting

PFGBEST Typhoon aggregates FX liquidity from global providers and gives customers Direct Market Access (DMA)

REDWOOD SHORES, Calif. & CHICAGO--()--PFGBEST®, a global financial services and technology firm, and Equinix, Inc. (Nasdaq: EQIX), a provider of global data center services, today announced that PFGBEST has selected Equinix to host its Typhoon direct market access solution for foreign exchange trading. PFGBEST is relocating its proprietary liquidity aggregation and order routing system to Equinix’s New York International Business Exchange™ (IBX®), NY4, to improve order routing performance and reduce latencies.

Russ Wasendorf, Jr., President and COO of PGFBEST, said: “Typhoon provides straight-through processing through the DMA model. In our continuing commitment to that successful business model, we’ve partnered with Equinix for proximity hosting in their NY4 data center. This move gets us closer to our liquidity providers and order execution venues. Doing so ultimately gives our clients a better trading experience. This benefits our forex clients by reducing latency, critical for getting the best prices available (and the tightest spreads) in the shortest possible time frame; that is how traders compete and profit.”

Typhoon is a strict, no-dealing-desk environment, which ensures client orders are matched to the best available prices. “PFGBEST is a forex trader’s single source of liquidity, and Typhoon gives clients access to the largest banks and global liquidity providers that compete to provide the best quotes,” said Mr. Wasendorf. “Now, proximity hosting, lower latency and DMA give PFGBEST clients an even greater edge in their trading.”

“Equinix is home to an evolving, high-performance global trading ecosystem where firms, hedge funds, execution venues, market data suppliers, network providers and trading technology vendors all connect to one another inside neutral, open marketplaces. This growing ecosystem gives us efficient and resilient access to markets and exchanges. Further, Equinix’s commitment to security and reliability allows us to focus on what matters most – our clients’ needs,” Wasendorf added.

Typhoon is a dynamic liquidity provisioning solution that can be tailored to meet the trading demands of all client types. Typhoon can be accessed through all of the PFGBEST electronic trading applications, including both proprietary platforms and direct API products. PFGBEST inaugurated Typhoon and began distributing the capability to its FX client base in 2009, and dollar volume through the system has increased some 30 percent month over month since then. PFGBEST created Typhoon as part of a strategy to create and own technologies so that clients are never at the mercy of vendors or third party providers. PFGBEST has also taken the development of Typhoon and applied it to precious metals dealers for its affiliate, PFG Precious Metals, Inc.

John Knuff, general manager of global financial services at Equinix, said: “We are thrilled to have PFGBEST become part of our growing financial services ecosystem. By locating inside Equinix, PGFBEST can provide its clients with high speed connectivity to dozens of financial services partners, including potential customers, market data providers and risk management providers.”

About Equinix

Equinix, Inc. (Nasdaq: EQIX) connects businesses with partners and customers around the world through a global platform of high performance data centers, containing dynamic ecosystems and the broadest choice of networks. More than 3,100 enterprises, cloud, digital content and financial companies connect to more than 600 network service providers and rely on Platform Equinix to grow their business, improve application performance and protect their vital digital assets. Equinix operates in 35 strategic markets across North America, Europe and Asia-Pacific and continually invests in expanding its platform to power customer growth. Learn more at http://www.equinix.com

About PFGBEST

PFGBEST is among the largest non-clearing U.S. Futures Commission Merchants, with customers, affiliates and offices in more than 80 countries. PFGBEST specializes in sustainable investing practices through electronic trading, futures, foreign exchange, options, managed accounts, full-service and discount brokerage, precious metals, and investor research. The company is also an industry leader in market education, offering numerous free webinars each week attended by hundreds of people wishing to further their knowledge and skill in trading, charting, electronic market access, trading psychology, and many other topics. To learn more about PFGBEST and its proprietary suite of trading products and platforms, including BESTDirect®, please visit www.PFGBEST.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.

Contacts

Equinix, Inc.
Jade Wilkinson
LEWIS PR
+1 (415) 992-4400
equinixlewisus@lewispr.com
or
PFGBEST
Patricia Campbell, +1 (312) 775-3411
pcampbell@PFGBEST.com

Release Summary

PFGBEST is co-locating its direct market access (DMA) foreign exchange system to the Equinix data center known as NY4. Proximity hosting puts PFGBEST onsite with largest banks that provide liquidity.

Sharing

Contacts

Equinix, Inc.
Jade Wilkinson
LEWIS PR
+1 (415) 992-4400
equinixlewisus@lewispr.com
or
PFGBEST
Patricia Campbell, +1 (312) 775-3411
pcampbell@PFGBEST.com