JP Morgan Chase has entered an agreement with Global Crossing to link its worldwide trading floors via a private line network.
The Global Hoot 'n Holler network will support the merged bank's current network configuration, providing increased bandwidth, shorter provisioning intervals, fully integrated external network bridging, reduced noise and echoes and 24/7 global network management, says the company.
Under the agreement, Global Crossing will be responsible for the implementation and ongoing management of the network, spanning all JP Morgan Chase sites and subsidiaries around the world. It will be customised and pre-tested for deployment on a phased basis. The vendor will also manage portions of the bank's Automatic Ring-Down (ARD) and Manual Ring Down (MRD) point-to-point circuits.
Mark Rizzotti, global product manager for trader voice of JP Morgan Chase, says: "Global Crossing was selected to manage our trading infrastructure based on its combination of global reach, financial expertise, ability to implement hoot and holler networks, and quick response to the global network requirements created by our merger."