New Solution to Service Financial Trading Companies That Have Made
Equinix’s Data Centers Strategic Hubs for Low-Latency Proximity Trading
Equinix, Inc. (Nasdaq:EQIX), a provider of global data center services,
today announced that the company has signed a long-term lease for a new
19,400 square foot International Business Exchange™ (IBX) data center
facility in downtown Chicago that will be used to launch a new offering
from Equinix – IBX Shared Suite. The company also opened the previously
announced expansion of its Chicago 2 (CH2) International Business
Exchange™ (IBX®) data center. Both expansions are aimed at accommodating
the strong growth from financial trading companies seeking low-latency
proximity trading solutions in the downtown Chicago area. The expansions
will bring Equinix’s total footprint in the Chicago area to 538,000
square feet, solidifying the company’s leadership as the largest
provider of network-neutral colocation space in the Chicago area.
The new Chicago 4 (CH4) IBX Shared Suite will be located in the Lakeside
Technology Center, the same facility as the company’s two current
downtown centers, CH1 and CH2. The CH4 IBX Shared Suite’s proximity and
direct connectivity to the 87 networks, carriers and dark fiber
providers in Equinix’s existing Chicago centers, as well as Equinix
Financial eXchange, the established community of execution venues, buy
and sell side firms and technology utilities, makes CH4 an ideal data
center solution for financial trading companies seeking low-latency
trading solutions. CH4 will also be directly linked to Equinix’s CH3
center, located in Elk Grove Village, IL, offering direct connectivity
between customers in downtown and suburban Chicago. CH4 will provide
approximately 600 additional cabinet equivalents and is expected to open
for customers in Q1 of 2010. Equinix intends to invest less than $10.0
million of capital expenditures in the CH4 expansion. The CH2 IBX center
expansion adds 200 cabinet equivalents.
With 37 percent year-over-year revenue growth, Chicago is one of
Equinix’s fastest growing markets. To serve the market, Equinix has
pursued a strategy of operating in both the downtown and suburban areas.
