MIAX Selects Equinix for New Options Exchange Trading Platform
MIAX Selects Equinix for New Options Exchange Trading Platform
Exchange to leverage Platform Equinix in New York metro-area locations
REDWOOD CITY, Calif.--(BUSINESS WIRE)-- Equinix, Inc. (NAS: EQIX) , the global interconnection and data center company, today announced that the MIAX Options Exchange (MIAX) has selected Equinix International Business Exchange™ (IBX®) data centers for its primary, backup and disaster recovery sites for its new options exchange trading platform. MIAX, the newest U.S. equity options exchange, successfully launched trading operations on December 7, 2012.
The MIAX trading platform was custom designed and developed to meet the unique functional and performance demands of derivatives trading that includes the need for a secure and reliable platform, ultra-low latency and exceptional throughput. MIAX leverages the Equinix global financial ecosystem to provide instant access and rapid service provisioning for MIAX partner participants, enabling MIAX to capitalize on opportunities for growth in the financial services sector. Located in four Equinix data centers including two in the New York campus, MIAX can interconnect with potential customers and partners inside Platform Equinix™. MIAX cited Equinix's global footprint as one of the key factors in selecting the company.
"By utilizing Equinix IBX data centers, the MIAX trading platform takes advantage of Equinix's established financial infrastructure deployment experience and optimal low-latency connections through direct connections to exchanges and trading partners," said Doug Schafer, executive vice president and chief information officer at MIAX. "We are impressed with the features and performance of the Equinix interconnection platform and its ability to ensure a quality customer experience."
"As MIAX establishes itself in the options industry, Equinix looks forward to delivering unparalleled security, connectivity and low-latency inside our facilities," said John Knuff, general manager, Global Financial Services at Equinix. "Backed by our experience with more than 75 exchange deployments globally, Equinix understands the unique needs of the electronic trading community, and we're pleased to support MIAX as it seeks to provide best-in-class performance and customer support."
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. More than 700 financial services customers locate servers and infrastructure within Equinix data centers to support mission-critical financial services applications with highly reliable, low-latency connectivity.
About MIAX Options Exchange
MIAX is a wholly-owned subsidiary of Miami International Holdings, Inc. (MIH). MIAX has assembled a team with deep rooted experience in developing, operating and trading on options exchanges. The initial focus of MIH is to leverage management's expertise and relationships in the equity options space to launch the MIAX Options Exchange. MIAX intends to launch the MIAX Equities Exchange once the MIAX Options Exchange is operational and plans to pursue Latin American equity listings. The launch of the MIAX Equities Exchange is subject to SEC approval. The vision for the MIAX Equities Exchange is to become a marketplace that enables access to the Latin American markets, a place where global Hispanic entrepreneurs can seek capital and growth opportunities, and an exchange where Latin American companies will want to be listed. MIAX believes that Miami is the ideal location for taking advantage of the rapidly developing business opportunities emanating from the Americas and that Latin American companies will be interested in listing on the MIAX because of its presence in Miami. The MIAX Futures Exchange is also planned as a follow-on initiative. The launch of the MIAX Futures Exchange is subject to CFTC approval. www.MiaxOptions.com.
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 30 strategic markets across the Americas, EMEA and Asia-Pacific. www.equinix.com.
Forward-Looking Statements Concerning Equinix
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.
Forward-Looking Statements Concerning MIH and MIAX
The press release shall not constitute an offer to sell or a solicitation of an offer to purchase any securities of MIH, and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which such offer; solicitation or sale would be unlawful. This press release may contain forward-looking statements, including forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements concerning the plans, objectives, expectations and intentions and other statements that are not historical or current facts of MIH, together with its subsidiaries, including MIAX (the Company).Forward-looking statements include, but are not limited to, statements about the possible or assumed future results of operations of the Company; the competitive position of the Company; potential growth opportunities available to the Company; the expectation with respect to securities, options and future markets and general economic conditions; the effects of competition on the Company's business; and the impact of future legislation and regulatory changes on the Company's business.Forward-looking statements are based on the Company's current expectations and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such forward-looking statements.
Melissa Neumann, +1 650-598-6098
GolinHarris for Equinix
Liam Rose, +1 415-318-4380
Dominique Prunetti-Miller, +1 609-897-1465
KEYWORDS: United States North America California Florida
The article MIAX Selects Equinix for New Options Exchange Trading Platform 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.