Omega ATS Selects Platform Equinix in Toronto to Optimize Trading Performance
June 06 2011 - 8:00AM
Business Wire
Equinix, Inc. (Nasdaq:EQIX), a provider of global data center
services, today announced that Omega ATS, the low cost alternative
trading system for Canadian exchange-listed equities and fixed
income instruments, has chosen Equinix to optimize performance and
connect to global services and trading partners. Canada’s fastest
growing ATS has located in Equinix’s TR1 International Business
Exchange™ (IBX®) data center in Toronto.
The company will gain access to Equinix’s financial services
ecosystem and directly connect to customers. Mike Bignell,
president at Omega ATS, said: “Omega’s ethos is to create a more
transparent, low-cost and efficient trading environment in Canada.
By leveraging Platform Equinix, Omega will significantly increase
the number of market participants who can directly connect to our
platform, extending our services to a wider audience via the
density of networks available to us.”
Equinix offers the most robust trading ecosystem in Canada,
including ATSs, market data and risk management service providers,
traders and banks. Companies within Equinix’s Toronto facility can
now directly connect their servers to Omega’s point of
presence.
Omega offers full transparency of over-the-counter (OTC)
fixed-income instruments and is the only ATS to offer U.S.
Securities listed in Canadian dollars. It will leverage Equinix’s
data centers to offer easier access to more types of instruments to
both retail and institutional investors.
John Knuff, general manager, global financial services at
Equinix, said: “The Canadian market is becoming more competitive
and innovative, and alternative trading systems such as Omega ATS
are gaining market share. Sell-side participants wanting to trade
with these newer entrants need to gain access to all of them as
well as their customers, relevant data vendors and technology
providers.”
About Omega ATS
Omega ATS is an alternative trading system for Canadian
exchange-listed equities and fixed income instruments. It provides
a fast, price/time priority trading platform where dealers and
their clients can trade at the CBBO (Canadian Best Bid and Offer)
at extremely competitive rates. It has more than 70 subscriber
firms including Canada’s five largest dealers. The system is
designed to maximize internal order processing speed – minimizing
the time between when an order is received and an acknowledgement
is sent. The company rewards liquidity providers with time priority
over other marketplaces and is committed to keeping its marketplace
fees as low as possible. For more information, please visit
www.omegaats.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. 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 3,350 enterprises, cloud, digital content and
financial companies connect to more than 650 network
service providers and rely on Platform Equinix to grow their
business, improve application performance and protect their vital
digital assets. Equinix operates in 37 strategic markets across the
Americas, EMEA and Asia-Pacific and continually invests in
expanding its platform to power customer growth.
http://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.
Equinix and IBX are registered trademarks of Equinix, Inc.
International Business Exchange is a trademark of Equinix, Inc.
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