Philadelphia Stock Exchange taps AboveNet
OCTOBER 23, 2007 -- AboveNet Communications Inc. (search for AboveNet Communications), provider of fiber-optic connectivity, has won a contract with the Philadelphia Stock Exchange (PHLX) to build a private optical network that will extend and expand its network reach from Pennsylvania to New York and New Jersey.
In selecting AboveNet, the PHLX says it was attracted by "the extensive fiber footprint that AboveNet brought to the table that gave us flexibility in choosing the locations in our overall solution design," reports Frank Ziegler, vice president of communications for PHLX.
AboveNet says its secure, scaleable, low-latency, customized optical design offers a reliable and diverse alternative to the traditional ILEC network model. "AboveNet looks forward to a relationship where both PHLX and its customers can utilize the optical network to slash their reliance on traditional connectivity means and see enhanced performance," adds Doug Turtz, executive director, sales.
AboveNet has designed an offering that delivers multiple Gigabit Ethernet circuits between the PHLX headquarters; its data centers in Philadelphia, New York, and New Jersey; as well as to its network points of presence (PoPs) utilizing a combination of 2.5- and 10-Gbit wavelengths.
The PHLX says it needed a significant number of large bandwidth circuits, the ability to easily and quickly grow its overall networking capacity, and the least amount of latency.
According to AboveNet, its dense fiber footprint, direct site-to-site fiber design, dedicated customer fiber and customer equipment, and its expertise in managed optical offerings has enabled the PHLX to customize a secure network that delivers the multiple Gigabit Ethernet circuits it requires today. This robust network will allow for future 10-Gbit and Fibre Channel circuits to support PHLX's growth requirements, contend AboveNet representatives. The design used the most direct fiber routes to minimize latency and maximize performance for real-time financial applications and future storage requirements, they claim. In addition, pre-positioned filters and pre-installed cards are being deployed to expedite fast installation for future additional circuit turn-ups.
"In comparison to the other alternatives that we considered, the AboveNet solution was hands down the most comprehensive and by far the most cost effective solution for us," contends Frank Ziegler of PHLX. "Our business needs required that we combine network reach without constraints on capacity growth and AboveNet was able to provide that solution to us."
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