Equinix’s Singapore 2 (SG2) International Business Exchange (IBX) has been selected by Chi-East as its primary data centre.
The move will give Chi-East participants low-latency proximity hosting options for the more than 3000 securities currently supported by the trading venue, including all SGX-listed shares, all Hong-Kong Main Board listed shares, component stocks of the TOPIX 100 and all listed ETFs in the Hong Kong, Singapore and Japan markets.
For Equinix, the deal represents the latest development in an Asia-Pacific strategy that has seen it expand rapidly in the region, building a number of new data centres while extending existing ones over the last 12 months.
Commenting on the deal, David Wilkinson, senior director of business development for Equinix in Asia Pacific said: “Equinix constantly meets the stringent requirements of the financial community for high performance, connectivity and low latency. We are pleased to support Chi-East in achieving its goal of becoming the first exchange-backed non-display liquidity venue in Asia Pacific.”
“The addition of a strong trading venue like Chi-East to the Equinix portfolio showcases our capabilities to provide a neutral environment with optimal connectivity. It further demonstrates how Platform Equinix can provide market participants with access to new business opportunities across multiple locations.”
Commencing operations in 2010, Chi-East is the first exchange-backed, non-displayed trading platform for securities listed in Hong Kong, Japan and Singapore. According to the company’s CEO Ned Phillips, Equinix was selected because of its: “Established financial ecosystem, low latency infrastructure and highly secure environment.”