AboveNet Communications to Provide Optical Network for Philadelphia Stock Exchange

AboveNet Communications, Inc., a leading provider of fiber optic connectivity solutions, announced it has won a contract with the Philadelphia Stock Exchange (PHLX), a leader in the derivatives industry, to build a private, optical network that will extend and expand their network reach from Pennsylvania to New York and New Jersey.

In selecting AboveNet, the PHLX was attracted by "the extensive fiber footprint that AboveNet brought to the table that gave us flexibility in choosing the locations in our overall solution design," said Frank Ziegler, Vice President of Communications for PHLX. AboveNet's secure, scaleable, low latency customized optical design offers a reliable and diverse alternative to the traditional ILEC network model. "AboveNet looks forward to a relationship where both PHLX and its customers can utilize the optical network to slash their reliance on traditional connectivity means and see enhanced performance," said Doug Turtz, Executive Director, Sales.

AboveNet has designed a solution delivering multiple Gigabit Ethernet circuits between the PHLX headquarters, their data centers in Philadelphia, New York and New Jersey as well as to their network points of presence utilizing a combination of 2.5GB & 10GB wavelengths.

The PHLX needed a significant number of large bandwidth circuits, the ability to easily and quickly grow their overall networking capacity, and the least amount of latency. AboveNet's dense fiber footprint, direct site-to-site fiber design, dedicated customer fiber and customer equipment, and its expertise in managed optical solutions has enabled the PHLX to customize a secure network that delivers the multiple Gigabit Ethernet circuits that they require today.

This robust network will allow for future 10GB and Fibre Channel circuits to support PHLX's growth requirements. The design used the most direct fiber routes to minimize latency and maximize performance for real-time financial applications and future storage requirements. In addition, pre-positioned filters and pre-installed cards are being deployed to expedite fast installation for future additional circuit turn-ups.

AboveNet provided a fully managed solution, one that combines the advantages of an in-house solution (dedicated equipment, custom design, flexible deployment schedule, real-time monitoring) with the benefits of an outsourced solution (ease of use, better utilization of internal resources, expert support).

"In comparison to the other alternatives that we considered, the AboveNet solution was hands down the most comprehensive, and by far, the most cost effective solution for us," said Frank Ziegler of PHLX. "Our business needs required that we combine network reach without constraints on capacity growth and AboveNet was able to provide that solution to us."

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback
Your comment type
Submit