Exchange group NYSE Euronext is planning to implement a 100 gigabit-per-second trading and market data network based on technology from network solutions provider Ciena Corporation.
The new network will support the group’s two new data centres in the greater New York and London metropolitan areas, which NYSE Euronext expects to be operational in 2010. The facilities will serve as the group’s operational hubs for more than 1 billion daily transactions.
The network uses Ciena’s CN 4200 RS FlexSelect Advanced Services Platform, which NYSE Euronext says will be a key part of its Secure Financial Transaction Infrastructure communications backbone.
“It is critically important for NYSE Euronext, in our dual role as an exchange operator and technology company, to ensure a technology and operational infrastructure of the highest quality and integrity, and to provide the highest levels of speed and capacity, lowest latency and maximum flexibility,” said Stanley Young, CEO of NYSE Technologies and co-global CIO of NYSE Euronext, in a statement. “Powering our new data centers and network with Ciena technology will help produce a clear competitive advantage for NYSE Euronext and our customers in terms of executing trades and delivering mission critical information as well as advancing leading edge applications such as state-of-the-art co-location facilities.”
Steve Alexander, chief technology officer at Ciena, added, “As the traffic demands of enterprises and service providers continue to escalate beyond current network capacities, our solutions provide customers with network scalability from 1 Mbps to 100 Gbps, ensuring a flexible, simplified and operationally-efficient network foundation to support a wide variety of applications and services.”