ISE and Deutsche Börse Systems Announce Selection of RCN Metro as Connectivity Provider
December 07 2009 - 8:00AM
Business Wire
The International Securities Exchange (ISE) and Deutsche B�rse
Systems (DBS) today announced that they have signed an agreement
with RCN Metro Optical Networks, a division of RCN Corporation
(NASDAQ: RCNI) and a premier provider of fiber optic-based network
solutions, to deploy RCN Metro’s low latency fiber network (Xtreme
Network) to connect ISE’s current and future data center sites.
This connection will act as a critical pathway in support of ISE’s
migration to its new options trading system, which is being
developed using the expertise of ISE and DBS and is scheduled to
roll out in Q4 2010.
In addition to supporting ISE’s data center migration, RCN Metro
will also serve as a key network carrier to connect trading members
located in North America to both ISE, the world’s largest equity
options exchange, and its parent company, Eurex, one of the largest
derivatives exchanges in the world. Eurex is jointly operated by
the Deutsche B�rse Group and SIX Swiss Exchange.
“By using RCN Metro’s fiber ring connectivity pathway, we will
ensure a smooth migration of critical data and applications from
our existing data centers to our new sites. This is the next step
in continuing the existing partnership that exists among the ISE,
DBS and RCN Metro in North America, and we believe RCN Metro’s
fiber network will be an important factor in the successful
implementation of ISE’s new options trading system,” said Daniel
Friel, ISE’s Chief Information Officer. “We have been very pleased
with the high reliability and low latency of RCN Metro’s services
and the commitment they bring to meeting the demanding requirements
of the financial services industry.”
“Whether migrating critical data and applications between data
center sites or establishing a connection to a new trading system,
low latency and reliability remain essential requirements to a
firm’s success – downtime is never an option,” said Felipe Alvarez,
RCN Metro’s President. “As the provider of choice to the financial
services industry, RCN Metro is keenly aware of the industry’s
unique needs and concerns and is committed to providing the ISE and
DBS with the most reliable and lowest latency network connectivity
available via the industry’s first network ring designed
exclusively for financial services customers.”
About ISE
The International Securities Exchange (ISE) operates the world’s
largest equity options exchange and offers options trading on over
2,000 underlying equity, ETF, index, and FX products. As the first
all-electronic options exchange in the U.S., ISE transformed the
options industry by creating efficient markets through innovative
market structure and technology. Regulated by the Securities and
Exchange Commission (SEC) and a member-owner of The Options
Clearing Corporation (OCC), ISE provides investors with a
transparent marketplace for price and liquidity discovery on
centrally cleared options products. ISE continues to expand its
marketplace through the ongoing development of enhanced trading
functionality, new products, and market data services. As a
complement to its options business, ISE has expanded its reach into
multiple asset classes through strategic investments in financial
marketplaces that foster technology innovation and market
efficiency. Through minority investments, ISE participates in the
securities lending and equities markets. ISE also licenses its
proprietary Longitude technology for trading in event-driven
derivatives markets.
ISE is a wholly owned subsidiary of Eurex, a leading global
derivatives exchange. Eurex itself is jointly operated by Deutsche
B�rse AG (Ticker: DB1) and SIX Swiss Exchange AG. Together, Eurex
and ISE are the global market leader in individual equity and
equity index derivatives. For more information, visit
www.ise.com.
About Deutsche B�rse Systems
As a leading technology service provider in the financial
sector, Deutsche B�rse IT offers its customers outstanding
reliability, speed, innovative ability and cost efficiency. Within
Deutsche B�rse IT, Deutsche B�rse Systems (DBS) is a service
provider for the development and operations of IT systems and
provides a large part of its services to other segments within
Deutsche B�rse Group, for example Eurex. In addition, as an
operator of other international exchanges and by acting as a
sourcing partner, it offers a wide range of solutions to optimize
the processes and systems of financial service providers.
Deutsche B�rse Systems facilitates 24 hour IT operations and
local customer technical support also via its Chicago based
wholly-owned subsidiary Deutsche Boerse Systems, Inc. DBS Inc. also
manages data centers and telecommunication carriers required for
the services of Deutsche B�rse.
Deutsche B�rse Group includes Deutsche B�rse AG, a DAX company
and one of the world’s largest exchange organization, its
wholly-owned subsidiaries Clearstream International S.A. and
Deutsche B�rse Systems AG. The key markets within the Group are
Eurex, one of the largest derivatives exchanges in the world, and
ISE, the largest US equity options exchange.
About RCN Metro Optical Networks
RCN Metro, http://www.rcnmetro.com, is a premier provider
of high-capacity transport services for carriers as well as large
and medium-sized businesses. RCN Metro offers a comprehensive suite
of services including: Ethernet, SONET, Wavelength, Video
Transport, Internet and more. With a network leveraging unique
rights-of-way, spanning from Maine to Virginia and out to Chicago,
RCN Metro deploys custom solutions to service providers as well as
companies in the finance, hospitality, media, government, health
care and education industries. RCN Metro is a wholly owned division
of RCN Corporation.
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