Switch and Data’s GeoReachSM Program Adds Hibernia Atlantic’s Global Financial Network (GFN)
23 February 2010 - 12:05AM
Business Wire
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 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.
About Hibernia Atlantic’s GFN
Hibernia Atlantic’s Global Financial Network (GFN) is a
financial exchange connectivity division of Hibernia Atlantic, the
Trans-Atlantic, high-bandwidth, connectivity provider. Built on
over 24,000 kilometers of network, GFN connects the world’s largest
exchanges’ datacenters to its direct participants through secure
and diverse dedicated, high bandwidth, ultra low-latency Ethernet
and optical-level service from 1-GigE, 10-GigE, LanPhy wavelengths
and traditional SONET/SDH services. Utilizing the Hibernia Atlantic
diverse and secure backbone, GFN offers world-leading broker
dealers, hedge funds, market data providers and other financial
firms over 100 Points of Presence (PoPs) into key capital market
cities in the US, Canada, UK, France, Germany, Ireland and mainland
Europe. For more information, please visit www.hiberniagfn.com.
About Switch and Data
Switch and Data is a premier provider of network-neutral data
centers that house, power and interconnect the Internet. Leading
content companies, enterprises and communications service providers
rely on Switch and Data to connect to customers and exchange
Internet traffic. Switch and Data has built a reputation for
world-class service, delivered across the broadest colocation
footprint and richest network of interconnections in North America.
Switch and Data operates 34 sites in the U.S. and Canada, provides
one of the highest customer satisfaction scores for technical and
engineering support in the industry, and is home to PAIX® — the
world's first commercial Internet exchange.
Important information about Switch and Data is routinely posted
to the investor relations section of the company's website
www.switchanddata.com. For copies of all Switch and Data press
releases and SEC filings, please visit the website. To
automatically receive Switch and Data financial news by email,
please visit the website and subscribe to Email Alerts. Investors
are encouraged to check Switch and Data's website frequently to
access the most up-to-date information.
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