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Chi-X Canada Selects Toronto Data Centrer

January 21, 2010 by  

Web Hosting ToolboxTORONTO – Chi-X® Canada ATS Limited and Switch and Data (NASDAQ: SDXC), a leading provider of network-neutral data centre and Internet exchange services, today announced that Chi-X Canada has selected Switch and Data’s Toronto Financial EcoCenterSM at 151 Front Street as its primary data centre. The move to one of downtown Toronto’s premier data centre facilities will allow Chi-X Canada to grow while continuing to provide equitable access to subscribers wishing to co-locate at the facility and even lower latency connectivity for its domestic and international direct subscribers.

“Since launching nearly two years ago, one of our primary foci has been working with both our global subscriber base and the vendor community to provide fair, seamless and low-latency access to our industry-leading trading platform,” said Dan Kessous, COO of Chi-X Canada. “Switch and Data’s world-class Toronto facility will enable us to provide the level of service that our existing clients have come to expect from Chi-X Canada, while at the same time allowing us to continue bringing new global trading participants to Canada.”


“By virtue of its downtown location, our Toronto Financial EcoCenter sits at the terminus of several of the long-haul fibre optic cables originating in New York and Chicago. As such, many of the world’s leading trading firms and vendors are already connected, making 151 Front Street an ideal location for Chi-X Canada’s primary data centre,” said John Panzica, Vice President Financial Services Practice for Switch and Data.

Chi-X Canada will retain its current Exchange Tower data centre as its backup facility, and expects the move to 151 Front Street to take place in late Q2.

By hosting its colocation customers and its industry-leading matching engine with Switch and Data, Chi-X Canada will provide a secure and scalable facility to support its continued growth as one of Canada’s largest equities marketplaces. Switch and Data’s site is located within 151 Front Street, one of the pre-eminent telecommunications carrier hotel and data centre facilities in Canada. The facility provides resilient and redundant cooling, UPS and generator systems plus 24×7 site security, environmental and infrastructure monitoring, and technical support. The site has been designed to provide high-density power and cooling for the latest generation of servers.

About Chi-X® Canada
Chi-X Canada is a high-performance, fully anonymous and low-cost continuous alternative trading system (ATS) for TSX-listed senior equities from 8:30 am to 5:00 pm ET. The platform supports a wide array of advanced order types, is based on strict price-time priority and provides the ability to smart-route orders to displayed and non-displayed equities marketplaces in Canada. Chi-X Canada aims to provide trading efficiency and cost savings to investors and ultimately to help increase market volumes as systems of this nature have done in other markets around the world. For more information, please visit www.chi-xcanada.com.

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