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The Clearing Corporation Moves In-House Data Center to State-of-the-Art Equinix IBX Center.

Business Editors/High-Tech Writers

FOSTER CITY, Calif.--(BUSINESS WIRE)--Jan. 27, 2004

Equinix, Inc. (Nasdaq:EQIX), the leading provider of network-neutral data centers and Internet exchange services, today announced that The Clearing Corporation ("CCorp") has relocated its data center from its downtown Chicago headquarters to Equinix's Chicago Internet Business Exchange(TM) (IBX(R)) center. In doing so, The Clearing Corporation seeks to benefit from Equinix's state-of-the-art IBX center, which is highly secure, hardened, and provides connectivity to multiple telecommunications vendors. These attributes addressed the key requirement that guided The Clearing Corporation's selection of Equinix -- the operational integrity of CCorp's 24x7 data center.

The Clearing Corporation is an independent clearinghouse that ensures the financial integrity of financial marketplaces that trade a variety of financial instruments, including futures, options and derivatives contracts. It provides a secure financial environment in which firms and individuals can clear and settle futures and options contracts. The company takes every executed trade that is submitted to it and continuously matches, throughout the day, clearing participant buyers with clearing participant sellers. The Clearing Corporation was the first clearinghouse to use computers in its processing and clearing systems, and it continues to be the leader in the use of technology throughout the clearing process.

In making the move to Equinix's IBX center, The Clearing Corporation joins the aggregation of financial services companies currently operating within Equinix's Chicago Internet hub, including leading banks, financial trading companies and financial exchanges. Through this close proximity within the same physical location and through Equinix Financial eXchange(TM), Equinix's data exchange service designed specifically to enhance the reliability, flexibility and performance of electronic financial trading operations, The Clearing Corporation can more efficiently develop relationships with strategic customers and partners. Additionally, Equinix's high-performance, highly secure data center environment provides The Clearing Corporation with the flexibility to scale operations to accommodate continued growth.

The Clearing Corporation will also have the ability to interconnect directly with the critical mass of networks participating in Equinix's Chicago center, including every major carrier, network and Internet Service Provider. This direct interconnection will enable The Clearing Corporation to streamline network connectivity operations, while reducing the transport costs of linking to strategic partners in multiple, disparate locations and over long distances. With a reduced path between content and end-users, The Clearing Corporation expects to enhance the performance of its electronic financial clearing services.

"In addition to an industry-leading security infrastructure, Equinix offers The Clearing Corporation an environment and services, such as Equinix Financial exchange, that enable us to interconnect directly with key business partners and customers within the same facility," commented Brett Paulson, executive vice president and chief information officer of The Clearing Corporation. "This allows us to reduce our customer and partner connectivity costs by eliminating intermediate transit, as well as to increase the speed and reliability of transactions in our role as guarantor of exchange-traded futures and options."

"As the banking and financial trading industries become more reliant on data and electronic interaction, Equinix is providing an ideal infrastructure for these companies to interconnect," said Peter Van Camp. "Equinix's Chicago center not only serves as a major hub for financial services companies, but also as a hub for network service providers offering the broadest variety of connectivity options for customers."

About Equinix

Equinix is the leading global provider of network-neutral data centers and Internet exchange services for enterprises, content companies, systems integrators and network services providers. Through the company's 14 Internet Business Exchange(TM) (IBX(R)) centers in five countries, customers can directly interconnect with every major global network and ISP for their critical peering, transit and traffic exchange requirements. These interconnection points facilitate the highest performance and growth of the Internet by serving as neutral and open marketplaces for Internet infrastructure services, allowing customers to expand their businesses while reducing costs.

About The Clearing Corporation

The Clearing Corporation, a stockholder-owned, Delaware corporation now in its 79th year of business, is the only active independent futures clearinghouse in the world. Additional information on The Clearing Corporation is available at www.clearingcorp.com.

This press release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially from expectations discussed in such forward-looking statements. Factors that might cause such differences include, but are not limited to, the challenges of operating IBX centers and developing, deploying and delivering Equinix services; competition from existing and new competitors; the ability to generate sufficient cash flow or otherwise obtain funds to repay outstanding indebtedness; the loss or decline in business from our key customers and other risks described from time to time in Equinix's filings with the Securities and Exchange Commission. In particular, see Equinix's recent quarterly and annual reports filed with the Securities and Exchange Commission, copies of which are available upon request from Equinix. Equinix does not assume any obligation to update the forward-looking information contained in this press release.

Equinix and IBX are registered trademarks of Equinix, Inc. Internet Business Exchange is a trademark of Equinix, Inc.
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Publication:Business Wire
Geographic Code:1USA
Date:Jan 27, 2004
Words:827
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