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.

Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=6114620&lang=en

Deutsche Boerse (TG:DB1)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Deutsche Boerse Charts.
Deutsche Boerse (TG:DB1)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Deutsche Boerse Charts.