Chi-East Selects Equinix as its Primary Cloud Data Hosting Provider
SINGAPORE — August 24, 2011 — Chi-East, the independent, pan-Asian trading venue, and Equinix, Inc. (Nasdaq: EQIX), a provider of global data centre services, today announced that Chi-East has chosen Equinix’s Singapore 2 (SG2) International Business Exchange™ (IBX®) as its primary data centre. Chi-East, which commenced operations in the fourth quarter of 2010, is the world’s first exchange-backed, non-displayed trading platform for securities listed in Hong Kong, Japan and Singapore.
With the selection of Equinix, Chi-East’s participants will benefit from the data centre provider’s existing carrier and financial network connectivity infrastructure, offering participants low latency proximity hosting options for the 3,264 securities currently supported on Chi-East’s system. This includes all SGX-listed shares, all Hong Kong Main Board listed shares, the component stocks of the TOPIX 100 and all listed ETFs in the three markets.
“One of the unique features of Chi-East is our ability to provide non-displayed trading to clients located throughout Asia from a single location in Singapore. To do this, we have selected a partner that can provide low latency services to our trading participants,” said Ned Phillips, CEO of Chi-East. “We chose Platform Equinix because of its established financial ecosystem, low latency infrastructure and highly secure environment.
“Equinix constantly meets the stringent requirements of the financial community for high performance, connectivity and low latency. We are pleased to support Chi-East in achieving its goal of becoming the first exchange-backed non-display liquidity venue in Asia Pacific,” said David Wilkinson, senior director, business development for Equinix in Asia Pacific.
“The addition of a strong trading venue like Chi-East to the Equinix portfolio showcases our capabilities to provide a neutral environment with optimal connectivity. It further demonstrates how Platform Equinix can provide market participants with access to new business opportunities across multiple locations,” added Wilkinson.
Chi-East is an independent, non-displayed liquidity aggregator for the sell-side, which supports the anonymous trading of select securities listed in Hong Kong, Japan and Singapore. It offers its clients a range of solutions for executing block transactions with price improvement, including mid-point pricing, low latency and, through LCH.Clearnet, cost-efficient clearing and settlement processes. Based in Singapore, Chi-East is a joint venture between Chi-X Global and Singapore Exchange.
For more information, please visit the Chi-East website: www.chi-east.com
About Equinix in the Global Financial Markets
Equinix provides a neutral meeting place for the world’s leading financial market participants including trading venues, buy and sell side firms, market data providers, technology providers and financial networks. These customers locate servers and infrastructure within Equinix data centers to support mission critical financial services applications with highly reliable, low-latency connectivity.
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. Platform Equinix connects more than 4,000 enterprises, cloud, digital content and financial companies including more than 675 network service providers to help them grow their businesses, improve application performance and protect their vital digital assets. Equinix operates in 38 strategic markets across the Americas, EMEA and Asia-Pacific and continually invests in expanding its platform to power customer growth. http://www.equinix.com