BATS Global Markets Selects Equinix’s Secaucus Data Center for BATS and Direct Edge Exchanges
Newly Combined BATS-Direct Edge To Offer Customers Best-In-Class Connectivity, Cost Efficiency, and Network Choice
KANSAS CITY, Mo. & REDWOOD CITY, Calif.--(BUSINESS WIRE)--BATS Global Markets (BATS) and Equinix,Inc. (Nasdaq: EQIX), the global interconnection and data center company, today announced that BATS has selected Equinix as its primary data center provider for all of the BATS exchange platforms, including the Direct Edge Exchanges - EDGA and EDGX.
“We’re pleased to announce this agreement with a market leader like BATS Global Markets, particularly as financial technologies are evolving and converging faster than ever. BATS understands that one of the keys to success lies not just in what you deploy, but where you deploy”
BATS and Direct Edge completed their merger January 31.
The Direct Edge Exchanges – EDGA and EDGX – will remain at their current location at Equinix’s NY4 data center in Secaucus, N.J. until January 2015 when they will migrate to BATS’ technology in Equinix’s NY5 data center.
In the second quarter of 2015, the BATS BZX and BYX Exchanges, and BATS Options, will move to NY5 from their current location of NJ2 in Weehawken, N.J.
Equinix is home to the largest collection of exchanges and trading platforms, top market data vendors, a myriad of service providers, and hundreds of buy-side and sell-side firms. Equinix’s New York-area data centers serve many of the world’s largest companies, including high concentrations of financial services companies such as BATS, and provide access to more than 700 businesses and 135 network service providers.
“As we begin the integration of Direct Edge to the BATS technology, expanding our partnership with Equinix is a critical step for the expanded BATS Global Markets and, more importantly, our customers,” said Chris Isaacson, Executive Vice President & Global Chief Information Officer, BATS. “Choosing Equinix as our primary data center provider, and leveraging its tremendous trading ecosystem in Secaucus, provides the type of continuity and cost efficiency which is paramount to these customers.”
“We’re pleased to announce this agreement with a market leader like BATS Global Markets, particularly as financial technologies are evolving and converging faster than ever. BATS understands that one of the keys to success lies not just in what you deploy, but where you deploy,” said Karl Strohmeyer, president, Americas, Equinix. “In today’s networked world, financial services companies need to position their systems for maximum connectivity, performance and agility in order to keep ahead of fast moving trends. With the global network of Equinix data centers, BATS can achieve proximity hosting requirements while tapping into a financial services ecosystem with all the major market players.”
All BATS and Direct Edge Exchanges will operate on their respective technology in their existing data centers until the technical integration is complete in January 2015. All the latest integration details can be found at http://bats.com/edgeintegration.
- NY5 is a state-of-the-art data center that is part of the Equinix Secaucus campus. It is approximately one-half mile west of NY4 and can be accessed via an Equinix IBX cross-connect from both NY4 and NY2.
- BATS will maintain a network Point-of-Presence (PoP) in NY4 and NJ2 indefinitely. This will allow current Direct Edge Member connections in NY4 and BATS Member connections in NJ2 to access all BATS/Direct Edge Exchanges without interruption once they are moved to NY5.
- To ensure a seamless transition to NY5 while preserving the ecosystem in NY4, BATS will engineer connectivity from both NY4 and NY5 to all BATS/Direct Edge matching engines in NY5 to be equal latency for the foreseeable future.
- In addition to Secaucus, BATS utilizes Equinix’s London Slough data center campus LD4 which provides a secure, low-latency, high-performance trading environment for BATS Chi-X Europe’s integrated and dark electronic trading books.
- The BATS and Direct Edge Exchanges secondary data centers will remain in Chicago at the CH4 data center with a PoP at CH1.
About BATS Global Markets, Inc.
BATS Global Markets, Inc. is a leading global operator of securities markets, committed to Making Markets Better for traders, investors and issuers. In the US, BATS operates four stock exchanges – BZX, BYX, EDGX and EDGA – and regularly ranks as the top market for ETF and retail-driven liquidity. The company is an important listing venue for ETFs and other structured products and also operates BATS Options, a US equity options market. In Europe, BATS operates the largest pan-European equities exchange, offering trading and listing services across 15 major European markets. With its world-class proprietary technology and relentless customer focus, BATS strives to bring efficiency, transparency and fairness to market participants. The company is headquartered in Kansas City with offices in the New York area and London. Further information on BATS can be found at www.bats.com and by following us on Twitter @BATSGlobal
Equinix, Inc. (Nasdaq: EQIX), connects more than 4,500 companies directly to their customers and partners inside the world’s most networked data centers. Today, businesses leverage the Equinix interconnection platform in 32 strategic markets across the Americas, EMEA and Asia-Pacific. www.equinix.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.