ISE TAPS EQUINIX FOR TRADING SYSTEM DATA, TELX FOR DISASTER RECOVERY IN JOINT STRATEGY WITH DIRECT EDGE

Posted June 25, 2009

NEW YORK – The International Securities Exchange (ISE) has reached an agreement to use Equinix as the primary data center in its Global Trading System (GTS) scheduled to rollout in late 2010.

“Over the past several months, we have conducted a rigorous review of our data center strategy and future requirements, and have surveyed many of our customers for their future needs,” says Daniel Friel, Chief Information Officer, ISE. “We are very pleased to have selected Equinix as our primary data center provider given their strong reputation and track record of reliability, security, customer service, and opportunities for our customers to consolidate multiple connections.”

Equinix will provide a Tier 3+, state-of-the art facility that is highly reliable and will accommodate future growth requirements of the exchange. The new data center will also support co-location for ISE member firms as well as connectivity to other key financial exchanges and market data providers. 

“Our rapidly-expanding New York campus is quickly becoming the venue of choice for major organizations such as ISE that need to work with a data center partner that can support their broad reach and extensive client base,” says John Knuff, Director of Global Business Development for Equinix. “We look forward to hosting ISE’s member firms and key technology partners in our scalable, network-rich environment, and supporting their long-term business within our financial ecosystem.”

In addition, the ISE and Direct Edge have chosen Telx to provide disaster recovery services as part of their new data center strategy, under which the exchanges will offer member firms a robust and secure data center that can manage the complex technology environments of the ISE options exchange and Direct Edge’s equity trading platform.

“Telx offers a multitude of network and connectivity options that will provide flexibility for both ISE’s and Direct Edge’s member firms,” says Friel of ISE. “With their exceptional customer service and state-of-the art technology, we are confident that Telx’s customer-oriented approach will meet the unique needs of our customers.”

ISE and Direct Edge plan to leverage their previous facilities management agreement for additional synergies. “The numerous connectivity choices Telx offers will help expedite the customer migration to the disaster recovery data center, which we want to have happen swiftly and smoothly,” says Steve Bonanno, Chief Technology Officer at Direct Edge.

ISE will be building out the Telx site over the next 18 months in order to ensure a smooth migration for member firms to the new Global Trading System platform in late 2010. Direct Edge plans to launch its Telx-based disaster recovery site in the second quarter of 2010, with customer migration expected to begin early in the first quarter of 2010. 

“ISE’s and Direct Edge’s selection of Telx validates our focus and growth in the financial services vertical as well as in proximity hosting in key markets such as the New York/New Jersey metro region, Chicago, and San Francisco,” says Eric Shepcaro, Chief Executive Officer of Telx.