CME Group Selects Equinix for London-Based CME Globex Hub

CME's UK expansion has been boosted, as the worlds largest derivatives exchange selectsEquinix as its London data centre. CME is establishing a European CMEGlobex hub inside Equinix’s London, Slough LD4/LD5 Data Center Data Center A data center is a building or network used to house computer systems and associated components, such as telecommunications and storage systems.This generally includes redundant or backup power supplies, redundant data communications connections, environmental controls, and various security devices. Large data centers are industrial scale operations using as much electricity as a small town.Over the past decade, data center space has been growing at an incredible rate. This has increased as more A data center is a building or network used to house computer systems and associated components, such as telecommunications and storage systems.This generally includes redundant or backup power supplies, redundant data communications connections, environmental controls, and various security devices. Large data centers are industrial scale operations using as much electricity as a small town.Over the past decade, data center space has been growing at an incredible rate. This has increased as more Read this Term campus.

The CME Globex hub is scheduled to open in May 2013. Once completed, it will enable further alignment with the CME Group’s regional customers, while providing the company access to an expansive community of potential customers located inside Equinix International Business Exchange™ (IBX®) data centers around the world.

Approximately 25 percent of CME Group’s electronic trading volume comes from outside the United States, primarily from the EMEA region. Locating the CME Globex hub at Equinix’s LD4/LD5 campus gives CME Group a significant advantage by placing its business within close proximity to Europe’s leading trading platforms and electronic trading customers.

New market regulations across Europe are driving the movement of derivatives to trade on exchanges resulting in trade processing through central clearing houses and data being reported and housed in trade repositories. Over the past few years, Equinix has built a cross-asset class business which is well-positioned to meet the demands of the evolving algorithmic trading market and its growth into additional asset classes such as FX and derivatives.

CME Group exchanges offer the widest range of global benchmark products across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, metals, weather and real estate. The group brings buyers and sellers together through its CME Globex® electronic Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term and its trading facilities in New York and Chicago.

William Knottenbelt, managing director EMEA, CME Group: “We continue to see growing demand from our customers based throughout Europe for our product offerings, which means that we also need to focus on building our infrastructure and technology capabilities in the region. By opening this new hub with Equinix, we are helping our customers achieve better cost and technology management efficiencies with the added benefit of accelerated access to our markets.”

Stewart Orrell, managing director of Global Financial Services, Equinix: “In today’s evolving market, exchanges want to reach the largest trading community with the lowest infrastructure costs, using data centers already well-populated with their target customers. Equinix is the only network-neutral data center provider that’s able to meet these needs globally, and CME Group will be a uniquely powerful addition to the thriving financial ecosystem inside Equinix.”