Equinix, the global interconnection and data centre company, has announced it will expand its LD4 International Business Exchange (IBX) data centre at its London Slough campus. The new phase supports the continued growth of the world’s largest multi-asset class electronic trading ecosystem which consists of a robust collection of interconnected execution venues, trading platforms, market data vendors, service providers, buy-side firms, and sell-side firms. The new $39 million USD (£29M GBP) expansion is scheduled to open Q4 2018.
The new expansion of the LD4 data centre will enable customers to interconnect securely with 1,000+ businesses in London including leading capital markets participants, insurers and electronic payments firms, as well as 200+ network service providers and 275+ cloud and IT service providers. LD4 has 3,777 cabinets in approximately 10,000 square metres of colocation area; the expansion will add an additional 1,075 cabinets in approximately 3,300 square metres of colocation area.
Russell Poole, Managing Director, Equinix UK, commented: “It is estimated that the financial and professional services industry contributes £176bn to the UK economy annually. In order for London to retain its title as the financial centre of the world, despite concerns over Brexit, businesses require the latest IT infrastructure to thrive. The extension of our LD4 data centre will help financial market participants continue to interconnect on a global scale — enabling them to improve the way investors access and act on the information that drives the global economy.”