AboveNet (NYSE: ABVT), 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."