RCN Metro Optical Networks, a division of RCN Corporation (NASDAQ:RCNI) and a premier provider of fiber optic-based network solutions, announced today that it is providing ECHOtrade, a professional trading firm dedicated to the needs of the off-the-floor trader, with connectivity to major financial exchanges and the Internet.
In addition, RCN Metro is providing colocation services for their New York offices. RCN Metro was able to deliver these services to ECHOtrade in days, far faster that the customer's previous experiences with other service providers.
"There's no question that in the financial services industry, time is money. Network connectivity is a trading firm's critical lifeline -- ensuring a high degree of network availability and resiliency is paramount among key decision makers," said Felipe Alvarez, President of RCN Metro. "ECHOtrade's New York offices will directly benefit from RCN Metro's regional expertise and resources and our deep understanding of the needs of this industry."
RCN Metro upgraded ECHOtrade's network services to include multiple circuits for connectivity to financial exchanges, connecting to the Internet and colocation services at its 111 8th Ave facility.
Founded in 1999, ECHOtrade is a professional trading firm and industry leader in providing reliable software geared towards speed of execution, lower cost transactions and higher payouts. ECHOtrade excels at going beyond the needs of the serious off-floor trader.
"As the financial services industry evolves and technology gets more advanced, we are committed to providing our traders with the most reliable, dense, high-capacity network available today and one designed to meet their needs tomorrow," said Robert D. Keller, COO of ECHOtrade. "When we decided to upgrade our services, RCN Metro was the clear choice and was even highly recommended by another network services provider."