NEW YORK METRO ECOSYSTEM REPORT. Equinix.com

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1 NEW YORK METRO ECOSYSTEM REPORT Equinix.com

2 NEW YORK METRO ECOSYSTEM REPORT FINANCIAL ECOSYSTEM OVERVIEW Platform Equinix provides a neutral technology infrastructure solution to a wide range of industries, based on THREE key elements: Neutral Business Ecosystems Where connectivity and competition drive best-of-breed solutions Global Footprint 33 global metros including the top 16 world financial centers Data Centers 100+ state-of-the-art facilities with industry-leading % uptime in 2014 Equinix operates additional financial services ecosystems in: Chicago Toronto New York Boston Sao Paulo London Amsterdam Paris Frankfurt Geneva Zurich Singapore Hong Kong Shanghai Tokyo Sydney Inside Equinix facilities, financial services, cloud, content, mobile and other industries interconnect and innovate to deliver cutting-edge solutions for businesses and consumers around the globe. SINGAPORE Clearing Firms Broker Deals NEW YORK PARIS SYDNEY TOKYO ZURICH CHICAGO GENEVA LONDON HONG KONG Market Data Providers FRANKFURT FIX Network Providers Data Analytics Providers Asset Managers Financial Extranets Carriers Cloud ECOSYSTEM REPORT NEW YORK METRO AREA FINANCIAL ECOSYSTEM OVERVIEW 2

3 Liquidity Hubs The New York Metropolitan area is home to the world s largest array of trading venues, asset classes and connectivity and service providers. Players in these markets gain significant competitive advantage when they place their trading systems in close proximity to one another inside liquidity hubs such as the Equinix campus in Secaucus, NJ. Participants inside Equinix access markets, data and counterparties via efficient cross-connects that scale bandwidth at a flat monthly rate. Rich Financial Ecosystem Since the early 2000 s, Equinix has focused on building rich financial ecosystems in key financial centers around the world. The Equinix New York campuses house one of the largest of these ecosystems. Here Equinix hosts more than 350+ market participants, 30+ execution venues and 60+ specialized financial services vendors. Operating within Equinix s New York Metro International Business (IBX ) campuses puts your trading platforms in the middle of a robust community of trading counterparties, execution venues, market data providers, order routing networks and other financial technology services. NEW YORK ECOSYSTEM MARKET PARTICIPANTS Asset Managers, Investment Advisors, Wealth Managers s, ECNs, ATSs (matching engines and/or access nodes) Brokers and investment banks Liquidity providers, hedge funds, proprietary trading firms and private equity Market data providers and aggregators including low-latency direct and aggregated feeds, news feeds, fundamental data, pricing, corporate actions and reference data Market access gateways, order routing, FIX gateways and extranets Managed services and hosting providers offering hosted trading systems, risk management and trading infrastructure Trading workstations and platforms including trading terminals, market data distribution platforms and trading systems for all asset classes Risk management specialists providing risk and compliance solutions across asset classes ECOSYSTEM REPORT NEW YORK METRO AREA FINANCIAL ECOSYSTEM OVERVIEW 3

4 NEW YORK METRO FINANCIAL ECOSYSTEM The Equinix New York Metro Financial Ecosystem is home to matching engines or access nodes for 30+ exchanges, ECNs and dark pools. Clients colocating in the New York Equinix IBX data centers can directly access execution venues in all exchange traded asset classes plus the ECNs trading FX. Equinix Secaucus Campus 350+ Financial Service customers 60+ Network Providers on campus, including: Abovenet AT&T BT Radianz Hibernia Atlantic Level3 Optimum Lightpath Equinix NY6 74k sq ft SAVVIS Sidera Spread TNS Verizon 200 more network providers available via Equinix Metro Connect Market Data Providers, including: Activ Financial Bloomberg ConnectEdge Essex Radez Equinix NY4 338k sq ft Fixnetix Interactive Data Quanthouse Equinix NY7 North Bergen, NJ Business Suite Boston Options (Primary) Equinix NY5 335k sq ft NYSE Euronext (SFTI) BATS/Direct Edge IEX Trading Chicago Board Options (Primary) Fortex Fxall Equinix NYX New York, NY Montreal Equinix NY2 183K sq ft + 150k sq ft option Gain Capital Hotspot FX Legend Equinix IBX Available via Cross-Connect Available via Equinix Metro Connect Currenex ICAP BrokerTec (Primary) ICAP EBS (Primary) International Securities (Primary) Knight BondPoint Knight Direct EMS Customer Space within Equinix Customer Space in Other Data Center Provider Matching Engine Network Access Node ICAP iswap (Primary) ICE Futures US Lava FX LavaFlow NASDAQ (A/B Feeds) National Stock Oanda Fixed Income Platform Equities /Platform Derivatives /Platform Swap Execution Facility (SEF) Foreign Currency Platform Business Suite ECOSYSTEM REPORT NEW YORK METRO AREA FINANCIAL ECOSYSTEM OVERVIEW 4

5 MARKET DATA FEEDS Equinix has focused on attracting an extensive list of data feeds from global markets in all asset classes. Clients in the Equinix New York campus can choose from a wide variety of data providers to access the following market data feeds: Alpha Athens Stock Australian Securities Bourse Berlin AG Bourse Dusseldorf Bourse Hamburg Bourse Hannover Dow Jones Dubai Gold & Commodities Dubai Mercantile Equiduct Trading Eurex Euronext Euronext Brussels KOSDAQ Lava FX Lima Stock Ljubljana London Metals London Stock Luxembourg Stock (Bourse de Luxembourg ) Options Price Reporting Authority (OPRA) Osaka Securities Oslo Stock Philadelphia Board of Trade Philadelphia Stock Philippine Stock Pink Sheets Bourse Munchen Barcelona Stock BATS Europe Belgrade Stock Berne exchange Best Alternative Trading System (BATS) BGC Partners Bilbao Stock Bolsa de Madrid Bolsa de Valencia Bombay Stock Borse Italiana Boston Options Boston Stock Bratislava Stock Brazilian Merc and Futures Bucharest Stock Budapest Stock Buenos Aires Stock Bulgarian Stock Burgundy Bursa Malaysia CBOE Futures CBOE Stock CBX CHI-X Canada CHI-X Europe CME Group Consolidated Tape Association Currenex Cyprus Stock Dalian Commodity Deutsche Börse Direct Edge ECN Euronext Cash Market European Energy Frankfurt Stock (FWB Frankfurter) Fukuoka Stock FXall Goldman Sachs Electronic Trading Gre Tai Securities Market Hanoi Securities Trading Center Hong Kong Futures Hong Kong Stock Hotspot FX Hotspot FXi Hotspot FXr ICAP BrokerTec ICAP EBS ICE Futures Canada ICE Futures Europe ICE Futures US Indonesia Stock Instinet Integral Intercontinental International Securities Irish Stock Istanbul Stock JASDAQ Securities Johannesburg Stock JSE Limited Kansas City Board of Trade Karachi Stock Korea Markit BOAT Mercado Espanol de Futuros Financieros Mexican Derivatives Mexican Stock (Bolsa Mexicana) Minneapolis Grain Montreal Climate Montreal Moscow Interbank Currency Multi Commodity of India Ltd. Nagoya Stock NASDAQ NASDAQ OMX BX NASDAQ OMX Group National Commodity and Derivatives National Stock National Stock of India New York Commodities New York Mercantile New York Stock New Zealand Limited NYMEX Holdings NYSE Alternext US NYSE Amex Options NYSE ARCA NYSE Arca Europe NYSE Euronext NYSE Liffe OMX Nordic OneChicago Options Clearing Corporation PLUS Markets plc POSIT Prague Stock Pure Trading Quote MTF Russian Trading System São Paulo Stock (Bovespa) Santiago Stock Secure Financial Transaction Infrastructure (SFTI) Shanghai Stock Shenzhen Stock Singapore SIX Swiss Stock of Thailand Sydney Futures Taiwan Futures Taiwan Stock Tel Aviv Stock TMX Group Tokyo Commodity Tokyo Financial Tokyo Grain Tokyo Stock Toronto Stock TSX Venture Tullett Prebon Turquoise ULLINK Warsaw Stock Wiener Börse - Vienna Stock Xetra Zagreb Stock ECOSYSTEM REPORT NEW YORK METRO AREA FINANCIAL ECOSYSTEM OVERVIEW 5

6 CARRIERS AND CONNECTIVITY OVERVIEW Internal Connectivity Connectivity is a key driver for selecting a data center. Most financial services clients select a data center location based on proximity to execution venues and market data sources. The Equinix New York Campus is home to one of the largest financial ecosystems in the world. Here, Equinix houses more than 350+ market participants, 30+ execution venues and 60+ specialized financial services vendors. All of these companies are just a cross connection away for anyone with servers located in the Equinix New York Metro IBX data centers. Cross connections can be brought live in hours, giving you fast access to scalable bandwidth connectivity at a fixed monthly cost. External Connectivity While internal connectivity is a key driver, more than 80% of the connections established by Equinix financial customers terminate off-premise. Broad network diversity ensures Equinix clients have the broadest choice of options when connecting to customers and counterparties located outside the data center. Focus on Network Diversity and Density In 2000, several major IP backbones established strategic interconnection hubs in Equinix s network-neutral data centers. Since then, Equinix has continued to attract the top networks, carriers, Internet services and extranet providers in Equinix locations around the globe. Today, Equinix customers have access to the largest number of networks and carriers among any competing data center provider. Robust and Diverse Options The New York Metro Campus boasts more than 125 different networks, carriers, dark fiber providers and extranets. This diversity creates opportunity for Equinix clients to design networks and select carriers based on their specific business drivers such as high bandwidth, low-latency, global connectivity, cost control or a mix of these priorities. Carriers in the New York Metro data centers connect to all the major financial centers in North America, Europe, Asia and Latin America. By interconnecting with international carriers directly, clients can bypass third-party networks to improve performance and reduce latency. Cost Control Because of the carrier density inside Equinix facilities, our clients do not incur local loop charges to establish connections. All that is needed is a cross-connect costing a flat monthly rate. Crossconnects allow a maximum capacity of 10 Gbps for one low monthly fee. This represents substantial savings and increased capacity compared to local loop connections. As a result, firms needing high bandwidth and/or connectivity to a number of providers will capture significant cost savings by taking advantage of connectivity within Equinix. ECOSYSTEM REPORT NEW YORK METRO AREA CARRIERS AND CONNECTIVITY OVERVIEW 6

7 Time-to-Market Equinix installs cross connections within one to two business days, enabling firms to quickly connect to clients and capture order flow. Compared to the time frame required for ordering a private line, this can mean that firms establish connections to clients in a much shorter time frame, delivering a faster time to revenue at a lower cost per connection. High Speed Fiber Connections between IBX Data Centers The Equinix New York Metro IBX data centers are housed in multiple buildings which are directly connected by fiber between the campuses. This provides clients with very low-latency connectivity to clients, data providers and execution venues housed in other Equinix IBX data centers. EXTRANET PROVIDERS Equinix hosts nine financial extranet providers which play important roles in equities, options, futures, fixed income, foreign exchange and derivatives data distribution and trading. NETWORK PROVIDER Cable & Wireless Worldwide BT Radianz CFN Services FXecosystem Optimum Lightpath Tinet TNS Transaction Network Services IPC VFN Verizon Financial Network ECOSYSTEM REPORT NEW YORK METRO AREA CARRIERS AND CONNECTIVITY OVERVIEW 7

8 CARRIERS Equinix hosts a wide range of carriers in the New York IBX data centers including high bandwidth optical networks and specialists in ultra-low-latency connectivity. NETWORK PROVIDER NY1 NY2 NY4 NY7 NY9 NYX Cable & Wireless Worldwide I I I AboveNet F F I F F F AlgoSpan I I I AT&T F I I F F F BOB Business Only Broadband I I F CFN Services F F F F Cogent F F I F F F Data Network Solutions F I I Electric Lightwave F I I Exponential-e I I F FiberNet F I I F F Global Crossing F F I F F Hibernia Atlantic Hudson Fiber Network F F F F I Intellifiber F I I Internap F F KMC Telecom F I I Lightower Fiber Networks, LLC I I F Optimum Lightpath I F I F Qwest F I I F F Reliance Globalcom Services I F I F F Sprint I F I F F Tinet I I I I Universal Network Services I I F Verizon Business F I F F F F XO Communications F I I F F F F = Available in Facility I = Available via cross-connect to another local IBX ECOSYSTEM REPORT NEW YORK METRO AREA CARRIERS AND CONNECTIVITY OVERVIEW 8

9 FACILITIES OVERVIEW Best-In-Class Data Centers Equinix is a best-in-class data center provider with 100+ facilities that span the globe. We deliver operational expertise, standards compliance, world-class physical security and high-performance ecosystems so you can focus on what you do best. And, unlike data center providers that have a competing telecommunications or extranet business, Equinix is a neutral provider of core facilities. Our neutrality ensures we attract the broadest, most diverse range of firms in all areas of expertise and it allows us to focus our capital and resources on what we do best. Continued Capital Investment Equinix currently has eight strategically located facilities in the New York metro area with more than 824,000 square feet of space. The New York Metro area continues to receive substantial capital investment. SECURITY Building Security All points of entry and exit are monitored with intrusion detection systems, video surveillance, and an access control subsystem that uses hand geometry readers. A mantrap separates the lobby from the data center area and is sealed by interlocked, automatic doors made with bulletproof Lexan. Only one door can be opened at a time to prevent unauthorized intrusion. Customers must pass through five separate checkpoints to access a customer cage. In addition, every visitor is digitally photographed as they enter the facility, and all building access events are logged and archived. Security personnel are on staff 24x7. They monitor the entrance guard station, routinely walk the facility, and monitor hundreds of surveillance cameras. Cage Security Access to cages is controlled by a keyed cage door lock that is controlled by a hand geometry reader at the cage entrance. Cabinets in shared environments include self-powered keypad activated locks. Cages are monitored by cameras directed at the cage doorway. Monitoring Equinix security personnel monitor more than 17,000 different points of interest in the buildings, including such things as air pressure throughout the fire suppression system, airflow in the air handling units, temperature in the air handlers and in hundreds of spots within the IBX facility to detect hot spots, fuel levels in the storage tanks, battery capacity, etc. ECOSYSTEM REPORT NEW YORK METRO AREA FACILITIES OVERVIEW 9

10 CABINETS AND CONNECTIVITY Cages and Cabinets Cages are available either with open 2-post racks, 4-post cabinets, or enclosed cabinets with locking doors. The standard cabinet offers 19 standard EIA rack width as an open 4-post cabinet. Other options are available, including cabinets with 23 standard EIA rack width cabinets. Cable Management Cables are held in overhead tamper-proof cable tray systems. This makes cabling visible for security monitoring and also simplifies installation and management. Cabling is dropped from the trays into the cabinets. Interconnections between customers are provided with physical fiber, CAT-5 or coaxial cables. INFRASTRUCTURE Equinix IBX infrastructure is the industry standard for premium colocation facilities. Our IBX colocation areas provide the optimal operating conditions for your equipment. Power Power is overwhelmingly the most pressing data center concern for financial markets participants. Power density must be high enough to support the servers used without leaving hundreds of square feet empty. The New York IBX centers are designed to provide the infrastructure and power density needed by the most sophisticated technology and high-end servers. Power enters the facility via two 26 kv three-phase utility feeds following diverse paths. Power enters the Main Switch Room where the switchgear feeds six transformers. These transformers transform the power into 480 volt, threephase power. Then the six transformers feed six 2,500 amp main switchboards (MSB) housed in each Electrical Room. Each MSB includes two uninterruptible power supply (UPS) systems (each an independent) that feed power to remote power panels into the customer colocation space. Resilience The Equinix IBX centers deliver the most reliable uptime availability in the industry. We build our data centers with full UPS power, backup systems, and N+1 (or greater) redundancy with a proven industry-leading % uptime record in Our Uninterruptible Power Supply (UPS) systems prevent power spikes, surges and brownouts while redundant backup diesel generators provide additional fuel to keep the data center powered up in the event that public utility fails. Generators There are a total of seven diesel-powered generators rated at 2500 kw / 3125 kva each and operate in an N+2 configuration. The generators are exercised and tested under full load conditions on a biweekly basis. Fuel for the generators is stored in 500 gallon day tanks and also in two aboveground 30,000 fuel storage tanks. On-site fuel capacity (60,000 gallons) provides up to 48 hours of emergency power. In the event of a power interruption, critical customer loads are supported via UPS systems, with no interruption in power, by using the backup batteries as a momentary source of electricity until the generators are online. When voltage sensing equipment and the logic control system sense a power interruption, the generators are brought online within eight seconds. The electrical load is then transferred to the generators for the duration of the utility power outage. ECOSYSTEM REPORT NEW YORK METRO AREA FACILITIES OVERVIEW 10

11 Cooling Higher power blade servers and other equipment routinely deployed by financial services participants create demanding and sophisticated cooling requirements. Equinix s robust Heating/Ventilation/Air Conditioning (HVAC) system is a key differentiating feature of the premium infrastructure at our IBX centers. Each IBX is completely fitted for precision HVAC systems to provide optimum conditions for equipment operation and to minimize downtime due to equipment failure. The HVAC system provides appropriate airflow, temperature and humidity required to provide optimal conditions for your equipment. There are 21 air handlers removing and filtering all hot air from the colocation floor. These air handlers N+4 redundant design, meaning there are four separate backup systems to prevent failure. The cooling system utilizes electric water-cooled centrifugal-compressor chillers in an N+1 configuration. Chilled water is delivered to multiple central station air-handling units via two closed loops that run horizontally outside of each side of the colocation floor. Cooling system components and subsystems are distributed across the independent buses so that an individual bus failure does not impair full cooling capacity and operation. Reserve water is stored in an above ground reserve storage tank. Fire Detection and Suppression Equinix IBX centers are constructed with cutting-edge fire detection and suppression systems that limit the potential for damage in the event of a fire. Key features of the fire detection and suppression system include multi-zoned, dry pipe, water-based fire suppression systems with sensory mechanisms (sniffers) and dual alarms (heat and/or smoke activation). In order for the system to trip, multiple cross-linked events must occur. These include detection by ceiling mounted smoke-heads and smoke sniffers located throughout the facility. Lastly a sprinkler head valve must open in order for the dry-pipe system to activate. This requires a temperature of 165 degrees F at the head location. Water enters the fire suppression system only in the event of two cross-zone alarms, and will only disperse in the event of a broken or melted sprinkler-head. Any water discharge is sprinkler-head specific, limiting the potential for damage caused by over-spray. Additionally the IBX has a very early smoke detection alarm system (VESDA). This system measures a sample of air at adjustable periods of time. If this sample is different from the reference sample that the machine has taken, it will trigger an alarm. Flood Control Equinix IBX centers have the following flood control features to ensure that, in the event of a flood, equipment damage is minimized and/or prevented: Tightly sealed conduits Moisture barriers on exterior walls Dedicated pump rooms Drainage/evacuation systems Moisture detection sensors Earthquake Structural systems at Equinix IBX centers meet or exceed seismic design requirements of local building codes for lateral seismic design forces. Equipment and nonstructural components, including cabinets, are anchored and braced. ECOSYSTEM REPORT NEW YORK METRO AREA FACILITIES OVERVIEW 11

12 SSAE 16 CERTIFIED The primary New York IBX data centers serving the financial services industry are SSAE16 Type II compliant. This means that an independent third party has evaluated the controls and testing, and that the auditor has verified both that the controls are suitably designed to meet their control objectives and have been implemented effectively for a period of time. BUSINESS CONTINUITY Using our IBXflex space family of products, our customers have developed branch office business continuity solutions to monitor their operations. Shared or dedicated facilities provide business continuity for trading rooms and other front and back office functions. The facilities include: Trading workstations with multiple monitors, trading turrets and voice recorders Back-office workstations Low-latency connections to market data providers Desktops customized to mirror users existing proprietary environments Data can be recovered from remote storage or be managed in a hot/hot configuration ECOSYSTEM REPORT NEW YORK METRO AREA FACILITIES OVERVIEW 12

13 DEPLOYMENT CONSIDERATIONS There are a range of considerations that affect your ability to scale and adapt to continuing market evolution efficiently, both now and in the future. The following stepped process will help you make more informed decisions regarding the total cost and benefit of your critical trading infrastructure deployment. 1. Determine Trading Targets Transaction / execution venues: Include all asset classes Actionable data sources 2. Establish Providers of the Spokes List all metro or regional providers for each feed or service Highlight providers that can link multiple end points (to reduce the number of vendors) Research messaging bandwidth and associated peaks for each feed (The SIIA s FISD Internationally or FIF is a good source for US capacity projections) 3. Identify Backbone Providers Between Cities Establish candidate providers between regions or markets Check route diversity between redundant providers of long-haul services (remember recent submarine cable cuts) Look for offerings that match technical and budgetary requirements Be sure to check latency (measured versus SLA) for each vendor and offering 4. Determine Adjacency Requirements Critical vendor list is often determined by: Most sensitive to latency Execution speed of the venue Outbound bandwidth and protocol Remember vendors that are on your critical path: Inbound aggregate feed providers Outbound real-time or pre-trade risk analytics There will be multiple critical vendors in each city (at multiple locations) 5. Hubs or Datacenters Tally the spoke and backbone connectivity providers and look for the greatest overlap within the datacenter (not just the building) Look to consolidate vendors to achieve economies of scale and scope Hubs will act as pivot points for present and future connectivity requirements Remember the 80/20 rule: 80% of cross connects will link to networks providing off-premise connectivity Your datacenter selection will determine your network expense trajectory or cost to scale GUIDE Planning Tool Equinix maintains a proprietary database of data centers, network and connectivity providers, trading venues, service providers, and other important endpoints in an easy to use online planning tool. GUIDE can save hours in the deployment assessment and planning process. Contact Equinix for a demonstration and to request a login. ECOSYSTEM REPORT NEW YORK METRO AREA DEPLOYMENT CONSIDERATIONS 13

14 MORE INFORMATION Equinix is consistently recognized as a best-in-class data center provider. We focus on providing the operational expertise, standards compliance, world-class physical security, and high-performance ecosystems so you can focus on your business. To learn more about the Financial Ecosystem in New York or in markets around the world us at [email protected] and visit Equinix.com. CONTACT INFORMATION Corporate HQ Equinix, Inc. One Lagoon Drive 4th Floor Redwood City, CA EMEA Equinix (EMEA) BV Luttenbergweg EC Amsterdam Zuidoost Netherlands Asia-Pacific Equinix Hong Kong Limited Suite /F Central Plaza 18 Harbour Road Wanchai, Hong Kong Main: Fax: [email protected] Main: Fax: [email protected] Main: Fax: [email protected] About Equinix Equinix, Inc. (Nasdaq: EQIX) connects the world s leading businesses to their customers, employees and partners inside the most interconnected data centers. In 33 markets across five continents, Equinix is where companies come together to realize new opportunities and accelerate their business, IT and cloud strategies. In a digital economy where enterprise business models are increasingly interdependent, interconnection is essential to success. Equinix operates the only global interconnection platform, sparking new opportunities that are only possible when companies come together Equinix, Inc. New York Metro Report v0315 RP-EN JM-HH Q414 Equinix.com 14