TAMPA, Fla.--(BUSINESS WIRE)--Nov. 10, 2009--
Switch and Data (NASDAQ: SDXC), a leading provider of network-neutral
data center and Internet exchange services, announced today that Pragma
Securities, an established provider of sophisticated and innovative
quantitative trading solutions, has chosen Switch and Data’s New York
Financial EcoCenter to house its growing and diverse solutions for
automated trade execution and dark pool liquidity.
Pragma Securities is a pioneer of tactical execution tools and hosted
execution services for a diverse financial services industry client
base. Pragma’s products include: ONEPIPETM 2.0,which unites
over 40 dark pools, crossing networks, streaming liquidity venues and
open market destinations into a single, integrated liquidity source and
TradeEngine®, a hosted ASP application for buy side direct
market access customers. Each of these products will be located in
Switch and Data’s New York EcoCenter and one cross-connect away from the
other electronic trading customers in the site.
“We chose Switch and Data’s New York Financial EcoCenter after an
extensive diligence process,” said Peter Fraenkel, Chief Technology
Officer, Pragma Securities. “Its central North Bergen, New Jersey
location, robust N+1 power and cooling infrastructure, and geographic
proximity to multiple financial markets were key factors in our
decision. Equally importantly to a growing company like Pragma, the site
provides ample space and power availability to scale our operations.”
Switch and Data’s Financial EcoCenters provide mission critical
infrastructure to meet the security, volume, and low-latency
requirements of the electronic trading community. The EcoCenters
aggregate an ecosystem of the pre/post trade service provider, buy side,
and sell side communities into Switch and Data sites located in the
geographic center of the major liquidity providers in New York and
Toronto.
“Trading firms and other financial service providers are attracted to
our EcoCenters by opportunities to improve their operations by
leveraging our other best-in-class providers,” said John Panzica, Vice
President of Switch and Data's Financial Services Practice. “Pragma
Securities is an expert in order execution and routing and is a welcomed
addition to our community.”
Switch and Data’s high-performance North Bergen data center features
full N+1 redundancy for its UPS, generator and cooling infrastructures.
It has been designed to provide high-density power and cooling to
support the latest generation of servers, and provides 24x7 security and
remote technical support. The site is interconnected with the company’s
existing fully-deployed data centers at 60 Hudson St. and 111 Eighth
Ave. in Manhattan and to ultra low latency fiber providers with sub
millisecond access to all regional execution venues.
About Pragma Securities
About Pragma Securities: Founded in 2003, Pragma is a New York-based
financial services firm and an established provider of sophisticated and
innovative trading solutions. A pioneer of tactical execution tools,
Pragma’s suite of products includes the award-winning ONEPIPE,
LIFEGUARD’s advanced anti-gaming logic, PEAK™, and sophisticated single
stock and portfolio execution strategies. Pragma is dedicated to
consistently meeting the goals of its diverse client base by providing
top quality execution, proven technology and exceptional support and
service. For additional information, please visit: http://www.pragmatrading.com/.
About Switch and Data
Switch and Data is a premier provider of network-neutral data centers
that house, power and interconnect the Internet. Leading content
companies, enterprises and communications service providers rely on
Switch and Data to connect to customers and exchange Internet traffic.
Switch and Data has built a reputation for world-class service,
delivered across the broadest colocation footprint and richest network
of interconnections in North America. Switch and Data operates 34 sites
in the U.S. and Canada, provides one of the highest customer
satisfaction scores for technical and engineering support in the
industry, and is home to PAIX® — the world's first commercial
Internet exchange.
Important information about Switch and Data is routinely posted to the
investor relations section of the company's website www.switchanddata.com.
For copies of all Switch and Data press releases and SEC filings, please
visit the website. To automatically receive Switch and Data financial
news by email, please visit the website and subscribe to Email Alerts.
Investors are encouraged to check Switch and Data's website frequently
to access the most up-to-date information.
Source: Switch and Data
For Switch and Data
STC
Associates
Jennifer Handshew, 212-725-1900 ext. 228
jhandshew@stcassociates.com
or
Switch
and Data
Chris Reid, 813-207-7722
creid@switchanddata.com
or
For
Pragma Securities
Intermarket Communications
Jed
Hamilton, 212-753-5479
jhamilton@intermarket.com
or
Emily
Ahearn, 212-909-4781
eahearn@intermarket.com
