Switch and Data (NASDAQ: SDXC), a leading provider of network-neutral data center and Internet exchange services, announces today that Hibernia Atlantic's Global Financial Network (GFN), a next generation multi-gigabit, high-speed exchange connectivity platform, has become part of Switch and Data's GeoReach Program in North Bergen, New Jersey.
Hibernia's GFN provides a fiber network which is dedicated to global capital markets across all asset classes in the U.S., Canada, Europe and the Pacific Rim.
Built to meet the demanding performance and reliability requirements of the financial community, Hibernia's GFN unites hundreds of financial exchanges and global banks with a single connection. GFN offers robust, diverse connectivity to its state-of-the-art, Trans-Atlantic network, including access to key exchanges, banks and counterparties. This network provides secure and redundant fiber connectivity to multiple facilities in strategic locations so that financial customers can access multiple providers with one single point of connectivity.
"As a part of Switch and Data's GeoReach Program, we will be able to provide further connectivity throughout North America and Europe from Switch and Data's New York EcoCenter in North Bergen," states Joe Hilt, Vice President of Sales, North America for Hibernia Atlantic GFN. "Our network will provide the companies colocated there with low-latency and secure global connectivity, all with one dedicated point-to-point service. Additionally, Hibernia offers industry-leading rapid installation, notably five days from signature to service, guaranteed. Our GFN platform combines operational excellence and innovative engineering to provide speed and accuracy to the financial community."
Switch and Data's GeoReach program is a select group of providers, such as Hibernia Atlantic, who have engineered their networks to meet the needs of the high-frequency trading community. GeoReach participants have engineered optimum paths from Switch and Data's Financial EcoCentersSM to each of the regional liquidity providers to satisfy the requirements of the most latency-sensitive infrastructures. Firms can focus on their core operations and add each new alternative trading system (ATS) or exchange using a cost-effective, minimal footprint, while still maintaining ul ultra low-latency communication across the financial markets.
"Hibernia's GFN is a great addition to our program as it provides our customers with access to global banks and the world's leading exchanges," continues John Panzica, Vice President of Switch and Data's Financial Services Practice. "Providing secure, large-bandwidth capacity is crucial for our EcoCenter clients."
GeoReach participants are a critical element of Switch and Data's Financial EcoCenters, which provide mission-critical infrastructure to meet the security, volume and low-latency requirements of the electronic trading community. Switch and Data's Financial EcoCenters aggregate an ecosystem of the pre- and post-trade service providers, buy-side and sell-side communities into the geographic centers of the major markets of New York and Toronto.