(WEB HOST INDUSTRY REVIEW) — Colocation and interconnection service provider Telx (www.telx.com) has been jointly selected to provide disaster recovery data center services to members of equity options exchange International Securities Exchange (www.iseoptions.com) and US equities marketplace Direct Edge (www.directedge.com), who will gain access to a robust and secure Telx data center, capable of managing the complex technology environment of ISE’s options exchange and Direct Edge’s two equity trading platforms.
According to ISE’s announcement late last week, this initiative is part of a comprehensive new data center strategy program, and also leverages the facilities management agreement between the two firms and provides additional synergies from the unique partnership between ISE and Direct Edge.
ISE will be building out the Telx site over the next 18 months to ensure a smooth migration for member firms to the new Global Trading System platform in late 2010. Direct Edge plans to launch its Telx-based disaster recovery site in the second quarter of 2010, with customer migration expected to begin early in the first quarter of 2010.
“Telx offers a multitude of network and connectivity options that will provide flexibility for both ISE’s and Direct Edge’s member firms,” ISE chief information officer Daniel Friel said in a statement. “With their exceptional customer service and state-of-the art technology, we are confident that Telx’s customer-oriented approach will meet the unique needs of our customers.”
According to the companies, ISE operates the world’s largest equity options exchange, and Direct Edge was recently named the third largest stock market in the US and is the fastest growing equities marketplace in the US.
Direct Edge chief technology officer Steve Bonanno said Telx understands his customers’ various low-latency connectivity needs. “The numerous connectivity choices Telx offers will help expedite the customer migration to the disaster recovery data center, which we want to have happen swiftly and smoothly,” Bonanno said in a statement.
Telx chief executive officer Eric Shepcaro said ISE’s and Direct Edge’s selection of Telx validates the company’s focus and growth in both the financial sector and in key markets such as New York, Chicago, and San Francisco. Earlier in June, Telx launched new Internet Exchanges in the New York and Dallas markets, offering two new points of access for connecting with multiple carriers, service and content providers, financial exchanges, and enterprise networks.
Telx also operates in the international scene, having signed a global colocation agreement with Indian telecommunications giant Tata Communications (www.tatacommunications.com), leveraging each firm’s colocation space in their respective countries of operation, and specifically offering Telx customers colocation services in key foreign markets in Europe, the Middle East, Africa and Asia.
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