PFGBEST Announces Equinix to Host Typhoon Direct Market Access Platform

March 11, 2011
Top Quote PFGBEST, a nationally recognized financial technology leader, announces a new partnership with Silicon Valley-based Equinix. Equinix, a rapidly growing economic ecosystem, will host the PFGBEST Typhoon system, a direct market access platform. End Quote
  • Chicago, IL (1888PressRelease) March 11, 2011 - PFGBEST announced a new partnership to relocate its Typhoon foreign exchange liquidity aggregation system to Equinix's New York International Business Exchange (NY4). With the announcement of this partnership, Equinix will become the host of the PFGBEST direct market access platform Typhoon. PFGBEST is a financial services technology firm with global outreach. With customers, offices, and affiliates in more than eighty countries, PFGBEST is one of the largest non-clearing U.S. Futures Commission Merchants.

    Explaining Typhoon, PFGBEST Chief Operating Officer Russ Wasendorf said, "Typhoon is a direct market access (DMA) system that provides straight-through processing of PFGBEST client foreign exchange orders." PFGBEST's Typhoon can be tailored to meet the demands of our clients. In addition, this trading platform offers ease of access through any of the PFGBEST electronic trading applications. Typhoon was created so that PFGBEST clients are never at the mercy of a third-party vendor. According to Wasendorf, "We felt the need to build a platform of this caliber to best serve our clients, and it is a huge success." Since PFGBEST created the Typhoon system for FX clients in 2009, volume has increased 30% each month through the PFGBEST direct market access system.

    Equinix General Manager of Global Financial Services John Knuff said having PFGBEST join the growing financial ecosystem means that PFGBEST can offer its clients high speed connectivity achieved in the proximity hosting agreement. He expressed that Equinix "is thrilled" to have PFGBEST as a partner. Hedge funds, execution venues, firms, network providers, market data suppliers and trading technology venders utilize Equinix. Equinix services more than 3,100 enterprises, cloud, digital content, and financial companies connecting to more than 600 network providers, and Knuff said that these entities rely upon proximity hosting solutions Equinix provides to improve and grow their business.

    "Equinix is a high-performing global trading ecosystem," noted PFGBEST's Wasendorf. PFGBEST believes that Equinix gives clients access that is efficient and resilient when it comes to exchanges and markets, he added.

    "It is important to us at PFGBEST that our FX clients can capitalize on our successful business model that we have created for direct market access and the liquidity hub of the largest banks. We are truly excited about this partnership with Equinix," Wasendorf stated. Wasendorf maintained that PFGBEST provides a single source of liquidity for forex traders. "The partnership between PFGBEST and Equinix adds further value to our forex clients in reducing latency," he continued. Reducing latency is fundamental to getting the available best price. "Traders profit and compete based upon time frames," noted Wasendorf, "and PFGBEST is about offering the best trading experience for our clients."

    Making sure that clients' orders match the best available pricing, the PFGBEST Typhoon system functions as a strict no-dealing-desk environment.

    Contact PFGBEST online at http://www.PFGBEST.com or call 855-734-2378.

    Forward Looking Statements

    This press release from PFGBEST 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 acquiring, operating and constructing IBX centers and developing, deploying and delivering Equinix services; unanticipated costs or difficulties relating to the integration of companies we have acquired or will acquire into Equinix; a failure to receive significant revenue from customers in recently built out or acquired data centers; failure to complete any financing arrangements contemplated from time to time; competition from existing and new competitors; the ability to generate sufficient cash flow or otherwise obtain funds to repay new or 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 PFGBEST press release.

    Equinix and IBX are registered trademarks of Equinix, Inc. International Business Exchange is a trademark of Equinix, Inc.
    Press Contacts

    Equinix, Inc.
    Jade Wilkinson
    LEWIS PR
    +1 (415) 992-4400
    equinixlewisus ( @ ) lewispr dot com

    PFGBEST
    Patricia Campbell
    pcampbell ( @ ) PFGBEST dot com
    +1 (312) 775-3411

    ###
space
space
  • FB Icon Twitter Icon In-Icon
Contact Information
Over Satisfied Users & Approved Press Releases
© Copyright 2005-2024, 1888 Press Release. All Rights Reserved