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Nasdaq signs up Equinix for cloud shift as speed-hungry trade markets gain momentum

The expanded commitment with Equinix will bring Nasdaq one step closer to moving its markets to the cloud.

By João Marques Lima

Founder and Editor, The Tech Capital

2 Mins

December 16, 2021 | 5:00 AM GMT

US digital infrastructure developer Equinix, Inc. (Nasdaq: EQIX) has entered a multi-year partnership with Nasdaq, Inc. (Nasdaq: NDAQ) to scale the Equinix NY11 data centre in Carteret, New Jersey to support the build-out of Nasdaq’s cloud infrastructure.

For more than 13 years, Nasdaq has leveraged Platform Equinix to support its customer and vendor ecosystem across the world, enabling low latency access for workflows that support the full trade lifecycle including price discovery and analytics in addition to other pre- and post-trade tools.

The expanded agreement will further enable Nasdaq to address current and future infrastructure requirements while accelerating its cloud transformation at a global scale.

Tal Cohen, Executive Vice President, Head of North American Markets at Nasdaq, said: “Our 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 centre in Carteret, New Jersey.

“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.”

Nasdaq’s current and planned future deployments across Equinix data centres include Canada, the U.S., Europe, and Asia-Pacific, with additional expansions anticipated over the next several years.

Also commenting, Jon Lin, Equinix President, Americas, said: “The evolution of digital infrastructure in financial services has led to immense opportunities for our customers to grow, scale, and transform.

“We are committed to Nasdaq, as it leverages our robust financial ecosystem to transform its industry over the next decade and beyond.”

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João Marques Lima

Founder and Editor, The Tech Capital

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