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Need to Know News to Offer Algorithmic News Feed for Financial Trading Community at Equinix Frankfurt Data Center
March 26, 2009 |
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FOSTER CITY, CA March 25, 2009 Equinix, Inc. (Nasdaq: EQIX), a
provider of global data center services, today announced that Need to Know News,
LLC (NTKN) has launched its Lightning Bolt algorithmic news feed service within
the Equinix Frankfurt-North (FR2) International Business Exchange (IBX®) data
center. The service will be available to the community of financial trading
companies currently operating within the center, including buy and sell side
firms which rely on real-time news feeds to improve their trading operations.
NTKN currently offers the service at Equinix centers in the New York and Chicago
areas.
NTKN is a premier financial news service specializing in computer readable news
feeds for algorithmic trading and risk management, and it also provides written
and audio economic news. Disseminated to traders and investment professionals
around the world, NTKN reports market news in real-time, providing in-depth
coverage of the U.S. and European futures markets, fixed income, energies, and
foreign exchange markets. The companys Lightning Bolt service provides key
economic indicators in a computer readable format for monitoring, analysis and
easy incorporation into computer models.
By operating at Equinix, NTKN will have access to the Equinix Financial eXchange,
a community of capital market participants that locate operations within Equinix
data centers in order to benefit from a high-performance, low latency
connectivity infrastructure within a neutral environment. At Equinix, companies
can directly exchange data within the same physical location with strategic
partners, customers and vendors, thereby enhancing their trading decisions and
risk avoidance operations. They will also have access to a broad range of
high-performance network connectivity and data center services.
Our IT infrastructure is a key differentiator in the service that we provide to
capital market participants who depend upon us for fast, secure and reliable
market data, said Clint Rhea, chief operating officer of Need to Know News. In
addition to providing a high-performance and scalable data center environment
for us and our customers, Equinix also provides direct access to a vibrant
financial trading community already participating on the companys Equinix
Financial eXchange service. We derive significant value from operating in the
same physical location as our customers, who in turn, have come to Equinix to be
in close proximity to the global financial exchanges operating within its data
centers.
As a technology leader in the electronic delivery of news for the financial
trading industry, Need to Know News relies on close proximity with its customers
and partners to deliver the fastest and most reliable service, said Petrina
Steele, Equinixs vice president for business development in Europe. At Equinix,
they can directly reach the major hedge funds, high frequency trading firms,
proprietary trading firms, and investment banks that are already operating
within Equinix centers.
About Equinix
Equinix, Inc. (Nasdaq: EQIX) provides global data center services that ensure
the vitality of the information-driven world. Global enterprises, content and
financial companies, and network service providers rely upon Equinixs insight
and expertise to protect and connect their most valued information assets.
Equinix operates 42 International Business Exchange™ (IBX®) data centers across
18 markets in North America, Europe and Asia-Pacific.
Important information about Equinix is routinely posted on the investor
relations page of its website located at
www.equinix.com. We encourage you to check Equinixs website regularly for
the most up-to-date information.
About Need to Know News
Initially a supplier of Scream Audio broadcasts of economic releases and news
for the electronic trader, in 2007 Need to Know News began providing
computer-readable news for algorithmic trading. The companys Lightning Bolt
service quickly became the leading news-feed integrated into sophisticated
banks, hedge funds and risk management algorithms. With news bureaus and data
centers linked together via state-of-the-art infrastructure in North America and
Europe, the next natural progression in expanding Need to Know News product
line was the creation of Essential, the first and only scrolling news service
designed exclusively for electronic traders. For more information on NTKN, call
312-663-7176 or visit
www.needtoknownews.com
Press Contacts
Europe
Jacqui Depares / Lucy Smart
Johnson King
+44 (0)20 7401 7968
North America
David Fonkalsrud
K/F Communications, Inc
(415) 255-6506
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