Equinix, Inc. has opened a state-of-the-art data center in Toronto, Ontario. Known as TR2, the new data center will serve companies doing business in Canada's largest financial, networking and cloud computing market. Toronto is home to a rich financial services ecosystem already present in Equinix with customers including Chi-X, and Liquidnet. Equinix recently added leading foreign exchange broker Oanda in TR2, as well as network service providers Rogers, Telus, Cogeco, Allstream, Cogent, Beanfield and CFN Networks. TR2 has direct access to TorIX, the Toronto Internet Exchange, which is the largest Internet Exchange Point in Canada with over 180 members.
"Our new state-of-the-art data center, TR2, combines superior network density, best-in-class design and direct access to diverse routes in and out of the metro for mission critical applications. Leading companies are accelerating their business across Platform Equinix and TR2 extends this opportunity in a top international market," said Karl Strohmeyer, president, Equinix Americas.
The opening of TR2 is part of a larger global expansion for Equinix. In March, the company announced that it is opening five new International Business Exchange™ (IBX®) data centers on four continents to create more capacity for global companies to connect to their partners, customers and employees. In addition to TR2, Equinix has extended its global footprint with the opening of new IBX data centers in London, New York, Singapore and Melbourne and expanded its IBX in Rio de Janeiro. By providing this increased capacity, Equinix expands its role in advancing the digital economy's interconnected era, in which businesses are demanding increasing levels of interconnection to accelerate business performance.
Toronto is Canada's finance and business capital, generating $286B annually and representing approximately 20% of Canada's GDP1. Rated as one of the top 10 global cities with economic clout2, and one of the top three cities in the Americas for economic potential and infrastructure3, Toronto provides an ideal business environment for companies looking for a competitive edge. Furthermore, Toronto's financial services sector is the largest in Canada and the fastest growing in North America.
Centrally located at the corner of Front Street and Parliament Street in Toronto, TR2 offers interconnections among global enterprises, cloud and network service providers and financial services companies, to name a few. Today TR2 provides connections to 60+ network service providers and the ability to interconnect directly to more than 155 companies that have colocated with Equinix in Toronto via TR1, Equinix's original Toronto data center.
The TR2 IBX data center has approximately 34,000 square feet (3,158 square meters) of colocation space in its initial phase with 675 cabinets available to customers. Equinix has invested $42M in the site to date and estimates that it will invest over $100M to fully build out the facility in five phases in the coming years. At full build the IBX will have approximately 106,000 square feet (9,847 square meters) of colocation space and 2,500 cabinets.
Both TR1 and TR2 are on multiple fiber routes with diverse routes in and out of Toronto, enabling highly reliable, high-performance connectivity for mission critical applications. Additionally, the proximity of the Equinix Toronto data centers to the United States offers enterprises a strategic location for business continuity and disaster recovery operations.
Equinix is home to one of the most robust electronic trading ecosystems in Canada and the two Equinix data centers in Toronto include more than 30 financial firms including five of the top eight Canadian electronic trading platforms. This ecosystem includes alternative trading systems, market data feeds, risk management service providers, algorithmic trading engines and banks.
With more than 147,000 interconnections already established among its customers, Equinix is the world's leading global interconnection platform. Today, companies leverage a platform of more than 100 data centers on five continents, their choice of more than 1,000 network and cloud service providers and access to mature ecosystems to accelerate their business.
2 PwC Cities of Opportunities Report, 2014
3 fDi North American Cities of the Future, 2013/14