Surge Trading Selects Equinix for Colocation and Business Continuity Services
February 16 2011 - 8:00AM
Business Wire
Surge Trading Group Inc., the holding company of Surge Trading
Inc., the New York-based electronic market maker, today announced
that it has selected Equinix, Inc. (Nasdaq:EQIX), a provider of
global data center services, for strategic and resilient colocation
and business continuity services for its critical trading
infrastructure. As part of Surge Trading’s commitment to provide
the highest level of service possible, the firm will leverage
Equinix’s network-neutral colocation and continuity trading
services.
Surge Trading’s NY data center will be relocated to the Equinix
NY4 International Business Exchange™ (IBX®) facility in the New
York metro area. The firm’s disaster recovery data center will be
located at the Equinix DC6 facility in Ashburn, VA. Equinix’s
Business Continuity Trading Room (BCTR), located in North Bergen,
NJ, the first to be offered by Equinix in the U.S., will be the new
home of Surge Trading’s Continuity Trading Room.
Inside Equinix, Surge Trading’s technology platform will be
supported by public and private networks, which optimize
connectivity and redundancy. As part of the rich financial
ecosystem inside Equinix, Surge Trading will also have direct
access to a multitude of financial market participants.
Since the launch of Surge Trading in 2009, the firm has been
committed to providing superior trade execution services and
electronic market access, and has seen accelerating growth and
demand for its offerings. This growth, combined with a commitment
to process client orders with optimal execution, prompted the
search for a data center provider offering extremely low latency
connectivity, along with a scalable architecture for future growth.
Another critical component of the decision to move to Equinix is
its power and cooling infrastructure, as well as physical security
and technical expertise.
“We are pleased to be working with Equinix, a recognized global
leader in data center and colocation services,” said Joseph M.
Marinaro, chief business development and strategy officer at Surge
Trading. “Our clients expect us to deliver best execution
services and we strive to exceed expectations by ensuring that our
service providers meet the highest standards. Additionally, working
with Equinix will allow us to develop and scale new offerings for
our clients as the market demands. Furthermore, our clients can
expect a seamless migration with no impact to their day-to-day
dealings with the firm.”
“Resiliency for mission critical trading applications is a key
issue for financial businesses today,” said Allan Graham, director
of business continuity products for Equinix. “We look forward to
supporting Surge Trading by providing back-up infrastructure
solutions for both technology and people involved in the company’s
trading operation.
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. Learn more at:
http://www.equinix.com/industries/financial-exchange/
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 625 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.
http://www.equinix.com
About Surge Trading
Surge Trading Inc. is a wholesale market maker providing
superior liquidity, trade execution services and electronic market
access to clients – asset managers, institutions, hedge funds, and
broker/dealers. Founded by a group of industry veterans to meet
today’s increasing trading volumes, Surge Trading is a source of
liquidity for clients trading NASDAQ and NYSE-listed equities.
Surge Trading uses advanced trading applications to seek out market
liquidity to provide clients’ orders with immediate and best
execution. Proprietary algorithms determine the level of automated
execution that orders receive. These algorithms dynamically access
market information to provide potential improved price discovery
and enhanced liquidity at or within the National Best Bid or Offer
(NBBO) in the presence of normal market conditions.
Surge Trading is a member of the Financial Industry Regulatory
Authority (“FINRA”). For more information, please go to
http://www.surgetrading.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.
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