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The International Securities Exchange (ISE) signed Equinix as its primary data center supplier for its new Global Trading System, due to start rolling out in late 2010.
It also announced a deal with fellow trading platform Direct Edge with Telx to provide disaster recovery data center services as part of a comprehensive new data center strategy program.
Equinix will provide a Tier 3+, state of the art factility that is highly reliable and will accommodate future growth requirements of the ISE exchange. The new data center will also support co-location for ISE member firms as well as connectivity to other financial exchanges and market data providers. .
The joint deal between ISE and Direct Edge and Telx extends the facilities management agreement between the two trading platform firms.
“Telx offers a multitude of network and connectivity options that will provide flexibility for both ISE’s and Direct Edge’s member firms. With their exceptional customer service and state-of-the art technology, we are confident that Telx’s customer-oriented approach will meet the unique needs of our customers,” said Daniel Friel, ISE’s Chief Information Officer.
ISE will be building out the Telx site over the coming eighteen months in order to ensure a smooth migration for member firms to the new Global Trading System platform in late 2010.
“Telx understands our customers’ need for low-latency connectivity,” said Steve Bonanno, Chief Technology Officer at Direct Edge. “The numerous connectivity choices Telx offers will help expedite the customer migration to the disaster recovery data center, which we want to have happen swiftly and smoothly.”
Direct Edge plans to launch its Telx-based disaster recovery site in the second quarter of 2010, with customer migration expected to begin early in the first quarter of 2010.
“Telx is extremely pleased that we were able to satisfy ISE and Direct Edge’s substantial infrastructure and performance requirements. ISE’s and Direct Edge’s selection of Telx validates our focus and growth in the financial services vertical as well as in proximity hosting in key markets such as the New York/New Jersey metro region, Chicago, and San Francisco," said Eric Shepcaro, Chief Executive Officer of Telx.
The International Securities Exchange (ISE) operates the world’s largest equity options exchange and offers options trading on over 2,000 underlying equity, ETF, index, and FX products. ISE was the first all-electronic options exchange in the U.S and is a wholly owned subsidiary of Eurex.
Direct Edge is owned by a consortium that includes the International Securities Exchange, Knight Capital Group, Inc., Citadel Derivatives Group, The Goldman Sachs Group, and J.P. Morgan. |
