More Germany IP Communications Stories

The International Securities Exchange, or “ISE,” a wholly owned subsidiary of Eurex and the first all-electronic equity options exchange in the United States, in association with technology service provider Deutsche Börse Systems, or “DBS,” has reportedly signed an agreement with RCN (News - Alert) Metro Optical Networks, to deploy its low latency financial services network ring - Xtreme Network.

 

Per the agreement, Xtreme network will connect ISE’s current and future data center sites.

 

RCN Metro Optical Networks (News - Alert) is a division of RCN Corp. and a provider of fiber optic-based network solutions and services including; Ethernet, SONET, Wavelength, Video Transport and Internet.

 

According to ISE officials, the company is soon migrating to its new options trading system, which is being developed using the expertise of ISE and DBS and is scheduled to roll out in the fourth quarter 2010. This agreement with RCN acts as a critical pathway in support of its roll out plan.

 

What’s more, the company also confirmed that RCN Metro has been roped in to serve as a key network carrier to connect trading members located in North America to both ISE, and its parent company, Eurex, one of the largest derivatives exchanges in the world. Eurex is jointly operated by the Deutsche Börse Group and SIX Swiss Exchange.

 

Daniel Friel, chief information officer at ISE, said that, by using RCN Metro’s fiber ring connectivity pathway, ISE 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,” Friel said. “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.”

 

Felipe Alvarez (News - Alert), president at RCN Metro, said that, 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.

 

“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,” Alvarez said.