NEW YORK, June 24, 2015 (GLOBE NEWSWIRE) -- Nasdaq (Nasdaq:NDAQ) and Global Access Services, the exchange group's market solutions provider for the financial services community, and Equinix, the global interconnection and data center company, today announced that Nasdaq is moving its Disaster Recovery (DR) site for the US equities and options markets in a phased approach from Ashburn, Virginia to Chicago, Illinois beginning in August 2015. The new DR will be located in the Nasdaq Point of Presence (Nasdaq POP) within the Equinix Chicago data center (CH4) located in 350 E. Cermak on the 8th floor. The recently launched Nasdaq POP in Chicago, along with the Nasdaq POP in Equinix's Secaucus, New Jersey campus, allows customers to connect directly to any of the Nasdaq market systems from remote financial data centers.
"Migrating our disaster recovery facility to Chicago will be convenient, cost effective and more efficient for our market participants," said Tom Wittman, Head of Global Equities and Executive Vice President of Global Trading and Market Services at Nasdaq. "Chicago is home to many primary and disaster recovery engines. We will continue making the DR facility available to additional Nasdaq markets throughout 2015 and beyond."
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 850 financial services customers locate servers and infrastructure within Equinix data centers to support mission-critical financial services applications with highly reliable, low-latency connectivity. The expansion by Nasdaq further enhances Equinix's global electronic trading ecosystem, providing the interconnection options that companies need to meet business demands.
"As one of the largest carrier hotels in the country, 350 Cermak is the focal point for Chicago's financial markets and is ideally located to provide connectivity to more than half a dozen exchanges plus hundreds of broker dealers, crossing and other network providers, market data distributors, liquidity providers, and application providers all located in the same building or nearby in downtown Chicago," said Stewart Orrell, Senior Director, Global Market Development. "Equinix and Nasdaq have a long-standing relationship and we are excited Nasdaq continues to leverage our global data center platform to meet their changing business needs."
The eSpeed platform was Nasdaq's first market to launch its DR facilities in Chicago in the fourth quarter of 2014. The Nasdaq Futures, Inc. (NFX) will go live with Chicago as its primary DR site when the platform launches later this year.
Nasdaq's DR facility in Chicago provides regional diversity for business continuity planning, with further distance from the exchange group's primary U.S. data center and less chance of impact from natural disasters that affect the East Coast region. The location will be convenient for clients who already maintain trading systems in Chicago. Clients utilizing the DR facility will achieve cost-efficiency with a simple cross-connect from their existing connectivity or presence in Chicago.
Nasdaq's Global Access Services group provides trading opportunities and market solutions for the financial services community to facilitate our clients' growth. As a connector, Nasdaq brings global trading opportunities closer to clients. Nasdaq protects clients through Global Access Services' comprehensive risk, compliance and reporting platforms. Global Access Services is also an enabler, with outsourcing and warehouse solutions which allow clients to easily handle operations and concentrate on growing their business.
Equinix, Inc. (Nasdaq:EQIX) connects the world's leading businesses to their customers, employees and partners inside the most interconnected data centers. In 33 markets across five continents, Equinix is where companies come together to realize new opportunities and accelerate their business, IT and cloud strategies.
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.
Nasdaq (Nasdaq:NDAQ) is a leading provider of trading, clearing, exchange technology, listing, information and public company services across six continents. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 70 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. Nasdaq is home to more than 3,500 listed companies with a market value of approximately $9.5 trillion and more than 10,000 corporate clients. To learn more, visit: nasdaq.com/ambition or business.nasdaq.com.
Cautionary Note Regarding Forward-Looking Statements
The matters described herein contain forward-looking statements that are made under the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements about the Nasdaq POP and disaster recovery facility in Chicago, the Nasdaq Data Center, the eSpeed platform and Nasdaq's other products and offerings. We caution that these statements are not guarantees of future performance. Actual results may differ materially from those expressed or implied in the forward-looking statements. Forward-looking statements involve a number of risks, uncertainties or other factors beyond Nasdaq's control. These factors include, but are not limited to, factors detailed in Nasdaq's annual report on Form 10-K, and periodic reports filed with the U.S. Securities and Exchange Commission. We undertake no obligation to release any revisions to any forward-looking statements.
Source:The NASDAQ OMX Group, Inc.