Direct Edge Disaster Recovery Facilities in Chicago Operational in September
ERSEY CITY, NJ June 6, 2013 – Direct Edge®, the third largest stock exchange operator in the United States, announces its disaster recovery facilities at the Equinix CH4 data center (CH4) in Chicago will be fully operational on the first trading day of September 2013 (September 3). The products and services of the EDGX and EDGA exchanges will be offered through CH4 in the event of a disruption that impacts the Direct Edge primary facility at the Equinix NY4 data center (NY4) in Secaucus, New Jersey. The implementation is being completed ahead of the timetable originally announced in August 2012.
Since May 1, Direct Edge has offered access to NY4 through a Connect Edge point of presence at CH4. It provides Chicago-based firms with the ability to cross-connect locally to Connect Edge’s network of 18 market data feeds, nine exchanges and nine dark pools using the Spread Networks ultra low latency network between Chicago and the NY Metro area. Spread Networks owns and operates the fastest fiber optic network on this route. Once the disaster recovery facility is operational, market participants will be able to establish back-up connectivity to the Direct Edge marketplace and if they choose, also access the Direct Edge primary facility at NY4 through a single physical connection.
Direct Edge will decommission its current back up facility at the Telx NJR2 data center in Clifton, New Jersey, effective the close of business on August 30, 2013.
Direct Edge is one of the leading stock exchange operators in the United States and globally. Headquartered in Jersey City, New Jersey, Direct Edge offers dynamic trading functionality across two distinct platforms, EDGA and EDGX, as well as connectivity and market data services. Its commitment to innovation and superior customer service helps its Members move their business lives forward. In November of 2011, Direct Edge announced plans to expand internationally with the opening of Direct Edge Brazil, a Rio de Janeiro-based electronic stock exchange for the trading of Brazilian equities. Direct Edge is owned by a consortium that includes affiliates of Citadel LLC; Goldman Sachs Group, Inc.; International Securities Exchange, LLC.; JPMorgan Chase & Co.; and Knight Capital Group, Inc. More information is available at www.directedge.com and www.directedge.com.br.