ParFX Selects Equinix London Data Center

Before you go, we thought you'd like these...
Before you go close icon

ParFX Selects Equinix London Data Center

New ParFX global foreign exchange platform gains access to Equinix's financial ecosystem

REDWOOD CITY, Calif. & LONDON--(BUSINESS WIRE)-- Equinix, Inc. (NAS: EQIX) , the global interconnection and data center company, today announced that ParFX, the new Tradition-owned wholesale electronic spot FX trading platform, has launched from Equinix's London Slough International Business Exchange™ (IBX®) data center campus.


Designed to bring renewed transparency, efficiency and equality to the global spot FX market, ParFX is open to all professional institutions able to settle via Continuous Linked Settlement (CLS) and provides Equinix's customers in the London Slough data center campus with easy access to FX liquidity.

Highlights / Key Facts

  • The ParFX trading platform provides market participants with a low-cost, easy-to-access, transparent and equitable venue for sourcing FX liquidity. The platform's unique matching mechanism applies a randomized pause to all order elements, creating a level playing field for participants, regardless of location, technological sophistication or financial strength.
  • ParFX selected Equinix because of its market leadership position, broad range of trading customers and unrivalled global reach. The London Slough campus provides access to over 50 network providers and more than 170 trading participants, reducing time-to-market, and lowering barriers to entry while providing high levels of resilience.
  • In choosing Equinix, ParFX positions its platform directly alongside many other leading trading venues and connects with hundreds of FX institutional traders, trading platforms and ECNs globally to enable 'follow the sun' FX trading.
  • Through Equinix's global IBX footprint, an ecosystem of nearly 800 global financial services institutions will be able to connect to ParFX.

Quotes

  • Roger Rutherford, chief operating officer, ParFX:
    "The ParFX founder banks came to us because they believed there was a need for change in the FX market ecology and for the creation of a truly level playing field. That need is at the heart of the ParFX philosophy. Equinix's London Slough data center campus offers world-class support with global reach, congregating players and service providers across FX, providing the opportunity to adapt and scale our business according to market need."
  • Dick Theunissen , chief marketing officer, EMEA at Equinix
    "ParFX is a valuable addition to the Equinix financial ecosystem, extending the range of venues we host across Asset classes. Its pioneering low cost and transparent trading services will provide FX market participants located on Platform Equinix with a popular and equitable venue for sourcing FX liquidity."

Additional Resources

About Tradition/ParFX

Tradition is one of the world's largest interdealer brokers in over-the-counter financial and commodity-related products. Represented in 28 countries, Tradition employs 2,400 people globally. Tradition is the trading name of Compagnie Financière Tradition (CFT), which is listed on the Swiss stock exchange. Tradition's activities are overseen by global regulators including the FCA, SEC and CFTC. For more information, please visit www.tradition.com. Tradition and ParFX are registered trademarks of Compagnie Financière Tradition S.A. www.parfx.com

About Equinix

Equinix, Inc. (NAS: EQIX) , connects more than 4,000 companies directly to their customers and partners inside the world's most networked data centers. Today, businesses leverage the Equinix interconnection platform in 31 strategic markets across the Americas, EMEA and Asia-Pacific. 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.

anImage


Equinix Media Contacts:
Equinix, Inc.
Melissa Neumann, +1 650-598-6098
mneumann@equinix.com
or
GolinHarris for Equinix, Inc.
Liam Rose, +1 650-598-6590
lrose@golinharris.com
Caroline Kawashima, +1 415-318-4367
ckawashima@golinharris.com
or
ParFX Media Contact
MHP Communications
John Sarsfield/James Morgan/Fern Hammond, +44 20 3128 8530/8533/8092
Tradition@mhpc.com

KEYWORDS:   United Kingdom  United States  Europe  North America  California

INDUSTRY KEYWORDS:

The article ParFX Selects Equinix London Data Center originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners