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AboveNet to Provide NYSE Euronext with High-Bandwidth, Low-Latency - One of the world’s leading exchange groups will implement high-speed, ultra-low latency trading and market data network
AboveNet to Provide NYSE Euronext with High-Bandwidth, Low-Latency

 

PRZOOM - /newswire/ - New York, NY, United States, 2009/07/21 - One of the world’s leading exchange groups will implement high-speed, ultra-low latency trading and market data network. NYSE: ABVT

   
 
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AboveNet, Inc., a leading provider of high-bandwidth connectivity solutions, announced that it is working with NYSE Euronext (NYX) to build fiber optic networks connecting NYSE Euronext’s new data centers being built in the greater New York and London metropolitan areas.

NYSE Euronext will provide the industry-leading speed and low latency necessary to facilitate the processing of quotes, trades, market data and other financial transactions in equities and options from customers around the world. Designed to serve as the company’s operational hubs handling several billion transactions per day, the new data center facilities are expected to be operational in early 2010. AboveNet is well positioned to assist in the provision of highly efficient access to the state-of-the-art co-location facilities in these new data centers through AboveNet’s extensive fiber network.

Bill LaPerch, President and CEO of AboveNet said, “We have worked collaboratively with the NYSE to design a world-class, state-of-the-art fiber network. This network will be the platform that allows this vital financial exchange to offer leading-edge capability to all of their constituents. We are proud to be part of this effort.”

"NYSE Euronext is committed to building the best and most-advanced network for accessing our new data centers in the U.S. and the U.K.,” said Andy Bach, Senior Vice President, Communications, NYSE Euronext. “Working with AboveNet, we will implement a highly optimized optical network offering minimal latency to and from our data centers while maintaining superior route diversity. This will ensure that we continue to provide the lowest latency, highest-capacity access for our customers now and in the future."

About AboveNet, Inc.
AboveNet, Inc. (above.net) provides high bandwidth connectivity solutions for business and carriers. Its private optical network delivers key network and IP services in and among 15 top U.S. metro markets and London. AboveNet's network is widely used in demanding markets such as financial services, media, health care, retail and government.

About NYSE Euronext
NYSE Euronext (nyx.com) is a leading global operator of financial markets and provider of innovative trading technologies. The company's exchanges in Europe and the United States trade equities, futures, options, fixed-income and exchange-traded products. With more than 8,000 listed issues, NYSE Euronext's equities markets -- the New York Stock Exchange, Euronext, NYSE Arca and NYSE Amex -- represent nearly 40 percent of the world's equities trading, the most liquidity of any global exchange group. NYSE Euronext also operates NYSE Liffe, the leading European derivatives business and the world's second-largest derivatives business by value of trading. The company offers comprehensive commercial technology, connectivity and market data products and services through NYSE Technologies. NYSE Euronext is in the S&P 500 index, and is the only exchange operator in the S&P 100 index and Fortune 500.

(for media only)
Eric Ryan, Manager, Media Relations, NYSE Euronext, 212-656-2411, eryan[.]nyx.com

This news release contains forward-looking statements that involve risks and uncertainties. Factors that could cause or contribute to such risks and uncertainties include, but are not limited to, general economic and business conditions, competition, changes in technology and methods of marketing, and various other factors beyond the Company’s control. This also includes such factors as are described from time to time in the SEC reports filed by AboveNet, Inc., including the most recently filed Form 8-K.

 
 
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Agency / Source: AboveNet, Inc.

 
 

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AboveNet to Provide NYSE Euronext with High-Bandwidth, Low-Latency

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Contact: MaryBeth Nance - Above.Net 
877-462-2683
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any AboveNet, Inc. securities in any jurisdiction including any other companies listed or named in this release.

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