Finance Firms Filling Equinix NJ Data Center

Equinix (EQIX) today announced the opening of its huge new data center in Secaucus, New Jersey, known as NY4. The company said it has already sold 50 percent of the finished space in the 340,000 square foot facility, with a "leading global investment bank" as the primary anchor customer. Equinix also said that ICAP, an interdealer broker for financial trading, would be among the center's tenants. The strong demand has prompted Equinix to begin design and planning for a second phase expansion of NY4.

"Today's grand opening of our NY4 center provides further proof of Equinix's ability to execute on large-scale builds and fill them quickly with strong customer demand, especially from the financial services market," said Steve Smith, president and CEO of Equinix. "We look forward to continuing this brisk pace of growth as the global market demand for premium data center and colocation services continues to outpace supply."

The new Secaucus data center cost $95 million to develop, and is located near the company's NY3 data center. The new facility features 40-foot ceilings, 57 miles of cabling and a 65,000 gallon reservoir of diesel fuel, which will require seven tanker trucks to fill. Equinix has arranged for 31 megawatts of power for NY4, making it PSE&G's second-largest customer, trailing only Newark International Airport.

Equinix and ICAP also introduced a new service premium connectivity service for financial companies.i-Cross will provide low latency connections to ICAP's BrokerTec and EBS platforms, and will be available by the end of 2007.

"Equinix's network-rich centers will provide a high-performance connectivity platform for ICAP customers as they seek the fastest and most reliable links to ICAP's BrokerTec and EBS services," said Smith. "Similarly, as Equinix has a high concentration of financial customers at its New York area centers, the addition of ICAP and the ability to directly connect with their trading platforms will enhance our service offering to financial companies already hosted at Equinix."