July 16, 2007
IXEurope joins industry technology group to provide solutions for financial institutions to comply with regulatory change
IXEurope Plc, Europe's specialist datacentre services company, has joined the Technical Special Interest Group (TechSIG) of JWG-IT Group, the think-tank for EU driven IT change in financial services.
IXEurope joins Intel, Sybase, Kurtosys, Cisco, BT and many other leading technology firms to participate in think-tank forums on specific issues and collaboratively develop practical IT infrastructure solutions to resolve MiFID compliance problems.
As one of Europe's fastest-growing providers of datacentre services, IXEurope works with financial institutions to help them address the IT infrastructure aspects of key areas of change including issues related to MiFID compliance. With its IXFX™ (IXEurope Financial Exchange) solution, IXEurope provides a highly resilient and convenient co-location platform, while its Europe-wide hosting infrastructure is able to support more sophisticated trading strategies and deliver low latency performance.
Guy Willner, CEO of IXEurope, says: “I believe it is important for organisations such as IXEurope to play a key role in the TechSIG: In order to help the financial market meet the demands of the MiFID legislation, it is essential that the IT community works together. IXEurope is delighted to have the opportunity to be involved with an independent organisation like JWG-IT to help guide developments. We look forward to playing a role in shaping best practice and bringing effective solutions to market.”
PJ Di Giammarino, CEO, JWG-IT Group, added: “The EU is in the depths of an aggressive change programme and the capital markets industry needs the support of its suppliers. As a trusted supplier in its market, IXEurope will join other technology vendors to openly collaborate on faster, better solutions for the capital markets”.
Its trusted and independent position with investment firms enables TechSIG to gain exclusive knowledge of their key issues to ensure members are addressing the real priority needs and staying well ahead of the game.
IXEurope is one of Europe's fastest growing providers of datacentre services. Its principal activities include primary datacentre services, connectivity services and business continuity solutions.
IXEurope works with enterprise and Internet customers to provide resilient datacentre infrastructure to house their IT systems far more cost-effectively than through in-house provision. The benefits include optimised IT performance, improved systems availability and reduced corporate risk through improved regulatory compliance. By continually focusing on quality, IXEurope also gives clients exceptional service levels and on-site access to a high level of technical expertise.
With award winning datacentre facilities in key European cities, broad technology expertise and a proven track record, IXEurope provides solutions that give customers the confidence that their operations are protected. The Company is ISO 9001:2000 certified and has over 450 customers in the enterprise, Internet and networking markets including Merrill Lynch, Deutsche Boerse, Citigroup, Rackspace and SurfControl.
IXEurope is listed on the London Stock Exchange Alternative Investment Market.
With so many new demands on the capital markets, thousands of professionals must now understand how to make back-offices ready for the new EU regulatory agenda driven by MiFID. The JWG-IT capital markets community think-tank has been established to help define and develop implementable solutions to regulatory compliance problems.
It is based on the belief that MiFID, like most EU regulation, could be implemented quicker, cheaper and better through collaboration across the technology value chain. It brings together firms and trusted technical experts from its membership to identify practical options which facilitate the adoption of appropriate, affordable and advanced IT solutions to changes driven by regulation in Financial Services.
JWG-IT has developed a unique mechanism for protected collaboration™, which safeguards members' intellectual property, whilst creating valuable, validated content. So far we have received input from around 70 firms covering 10 geographies on both the buy and sell-side to enhance our understanding of 1000 MiFID requirements. There are 4 levels of paid membership that provide additional benefits, such as member-only areas on the JWG-IT web site, an information hotline, premium content, news alerts, Special Interest Group membership for deep dive solutions and MiFID training discounts.
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 IXEurope into Equinix; a failure to receive significant revenue from customers in recently built out 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; the results of any litigation relating to past stock option grants and practices; 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.
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