REDWOOD CITY, CALIF. — The digital infrastructure company Equinix is helping Nasdaq build out its cloud computing architecture.
Equinix and Nasdaq entered a multi-year partnership to scale the Equinix NY11 data center in Carteret, New Jersey to support the build out of Nasdaq’s cloud infrastructure, according to Equinix last month.
The partnership is intended to take Nasdaq “one step closer” to moving its markets to the cloud.
Equinix will help Nasdaq address current and future infrastructure requirements, while accelerating its cloud transformation at a global scale.
The presence of critical cloud service providers and diverse ecosystems available on Platform Equinix will allow Nasdaq to connect to network suppliers, cloud partners, and service providers, while minimizing time to market and total cost of ownership.
Nasdaq’s current and planned future deployments across Equinix International Business Exchange (IBX) data centers include Canada, the U.S., Europe, and Asia-Pacific, with additional expansions anticipated over the next several years, according to Equinix.
Equinix’s global footprint includes a presence in top financial centers, and the company invests to “support the growth” of the electronic trading community.
The deal expands Equinix’s 13-year relationship with Nasdaq. Nasdaq has used Platform Equinix to support its customer and vendor ecosystem across the world, enabling low-latency access for workflows that support the full trade life cycle, including price discovery and analytics as well as other pre- and post-trade tools.
“The evolution of digital infrastructure in financial services has led to immense opportunities for our customers to grow, scale, and transform,” said Jon Lin, president, Equinix Americas. “We are committed to Nasdaq, as it leverages our robust financial ecosystem to transform its industry over the next decade and beyond.”
Tal Cohen, EVP and head of North American markets at Nasdaq, said the partnership with Equinix is “a critical step in Nasdaq’s cloud journey.”
“This agreement will allow us to deliver ultra-low latency edge compute capabilities directly from our primary data center in Carteret, New Jersey,” Cohen said.
“Our goal with this hybrid infrastructure is to provide new services and products for our clients with added flexibility and low latency, including virtual connectivity services, market analytics, risk tools, and machine learning.”