April 27, 2009
QuantHouse Turns to Switch and Data for its Low-Latency Market Data Platform
TAMPA, Fla. -- April 27, 2009 -- Switch and Data (NASDAQ: SDXC), a leading provider of network neutral data center and Internet exchange services, today announced that QuantHouse has expanded its operations within Switch and Data's 111 8th Avenue site in New York. Switch and Data's site is the base for QuantHouse's QuantFEED application programming interface (API), which provides financial member firms in the New York, New Jersey metro area with reliable, sub-millisecond access to market data, and serves financial customers around the world.
According to recent exchange reports, daily U.S. equities trade volume surpassed the 13 billion mark in recent weeks and program trading comprises more than 60 percent of all trades. Switch and Data launched its Financial Services Practice in March to help pre- and post-trade service providers, the buy side, and sell side communities in the equities, options, futures, and currency markets scale their operations for these unprecedented volumes. The Practice helps customers develop and design comprehensive data center solution to addresses the volume and low-latency requirements of today's electronic trading markets.
"Proximity to the U.S. equities markets is essential to QuantHouse, and being strategically colocated near the major market centers gives us the ability to offer low-latency market data services to our customers," said Stephane Leroy, Head of Global Sales and Marketing at QuantHouse, a leading global provider of ultra low-latency market data and end-to-end systematic trading solutions. "With Switch and Data's help, we provide a competitive edge - enabling our customers to be ready for market demand, and, at the same time, maximizing their returns."
Switch and Data's 111 8th Ave. data center houses hundreds of fiber providers, carriers, managed service providers and financial Extranets. With its robust interconnections, it provides customers with direct access to equities, options, futures and currency markets in North America's leading financial centers. Additionally, QuantHouse's QuantLINK proprietary fiber optic network, which interconnects the exchanges with proximity hosting at the source, will be available to clients at the NYC location.
"Given today's historic trade volumes, the quest for alpha becomes even more competitive. Low-latency market data solutions are vital to any firm's trading strategy." said John Panzica, Vice President of Switch and Data's Financial Services Practice. "QuantHouse is a valuable addition to the growing Switch and Data financial eco-system and provides financial firms with a competitive edge when searching for trade opportunities."
QuantHouse is an independent provider of end-to-end systematic trading solutions to help financial firms to trade ahead. It includes low latency market data technologies, algorithmic trading strategies development framework, infrastructure services and professional services for hedge funds, proprietary desks and asset managers as well as low latency sensitive sell side firms. QuantHouse products and services offerings are composed of:
- Ultra Low Latency Market Data technologies to be the first to detect market opportunities
- Systematic Trading Strategy Development tools to optimize time to market
- Infrastructure Services to improve trading performance
- Professional Services to benefit from the latest systematic trading technologies
QuantHouse has the benefit and support of a very experienced group of investors. The Investor group is lead by one of the world's largest global brokerage organizations: NEWEDGE GROUP. Newedge is a 50/50 joint venture between Société Générale and Calyon. For more information about Newedge Group, please visit: www.quanthouse.com. For more information about QuantHouse and its solutions for quant trading firms, please visit: www.quanthouse.com.
About Switch and Data
Switch and Data is a premier provider of network-neutral data centers that house, power and interconnect the Internet. Leading content companies, enterprises and communications service providers rely on Switch and Data to connect to customers and exchange Internet traffic. Switch and Data has built a reputation for world-class service, delivered across the broadest colocation footprint and richest network of interconnections in North America. Switch and Data operates 34 sites in the U.S. and Canada, provides one of the highest customer satisfaction scores for technical and engineering support in the industry, and is home to PAIX® - the world's first commercial Internet exchange. For more information on Switch and Data, please visit www.switchanddata.com.
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.