Hudson Fiber Network Utilizing Switch and Data Center
Jun 25, 2009 (Close-Up Media via COMTEX) --
Company: Switch and Data Inc (SDXC)
Switch and Data, a provider of network-neutral data center and Internet exchange services, announced that Hudson Fiber Network (HFN) will launch its new Exchange Connect platform in Switch and Data's North Bergen, NJ data center.
With a guaranteed service level agreement (SLA) of 750 microseconds, HFN believes that its new Exchange Connect platform provides the lowest latency network available to high-frequency traders. Premier Ethernet data provider HFN is the most recent carrier to join Switch and Data's North Bergen site.
HFN reports that Exchange Connect features 200 to 400-microsecond actual performance to the financial markets, including NYSE/SFTI, NASDAQ, BATS, and Direct Edge. With a guaranteed SLA of 750 microseconds, HFN announced that Exchange Connect sets a new industry performance milestone. This offering means that Switch and Data's centrally located North Bergen site provides a single location with performance for trading firms in the equity markets.
"In an industry where microseconds matter, enabling clients to increase trade order fill ratios is at the forefront of our concerns," said Brett Diamond, President of Hudson Fiber Network. "We chose Switch and Data because of its proximity to the markets, access to fiber networks, and its financial ecosystem, which includes leading service providers, and many buy and sell-side firms."
"In the quest to reduce latency, HFN's Exchange Connect platform in North Bergen sets a new standard for high-speed access to the financial markets," said John Panzica, Vice President of Switch and Data's Financial Services Practice. "This relationship with Hudson Fiber Network provides Switch and Data's financial clients with a single location that provides the lowest latency access all of the leading equities markets. This helps our customers improve performance and minimize expense."
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News Provided by COMTEX
Company: Switch and Data Inc (SDXC)
Related terms: carrier, diamond, equity, Ethernet, financial services, internet, nasdaq, new jersey, nyse, president, trade
