Source: Cantor Fitzgerald
Cantor Fitzgerald, L.P., a leading financial services provider to the institutional equity and fixed income capital markets, and its subsidiary eSpeed, Inc. (Nasdaq NM:ESPD), a leader in developing and deploying electronic marketplaces, today announced that they have selected AboveNet Communications, Inc., a leading provider of fiber connectivity solutions for business, to deploy critical infrastructure via lit fiber services over AboveNet's private optical network.
AboveNet will help reduce operating costs and enable the companies to substantially expand their operations by providing managed wavelength services over protected fiber optic rings. AboveNet has begun deploying optical interfaces in support the company's key sites in the greater New York area.
"AboveNet's scalability, capabilities, and responsiveness have made them a key partner as we continue to scale our operations," said Brent Wilkins, Managing Director of Cantor Fitzgerald Telecom Services, LLC, a subsidiary of Cantor Fitzgerald L.P. "We were impressed by their understanding and familiarity with financial services, regulatory requirements, and their ability to provide a tailored solution within a very tight timeframe," Wilkins added.
"Cantor Fitzgerald uses one of the most sophisticated private telecommunications networks in the world to support its global trading marketplace," said Bill LaPerch, President and Chief Executive Officer of AboveNet. "They operate in an extremely competitive environment that requires dependability, scalability and proven expertise. Their choice of AboveNet further validates our strength as a market leader in financial services."
With the agreement, AboveNet continues its momentum with leading financial service firms. A majority of the 10 top investment firms and five of the top 10 largest U.S. banks now rely on AboveNet to deliver key services over its dedicated metro fiber optic networks. AboveNet's success in financial services is the result of focusing on delivering services tailored to the key requirements of its customers, such as regulatory compliance, reach, business continuity, and network security.