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Jun 22, 2009
HFN reports that Exchange Connect features 200 to 400-microsecond actual performance to the leading financial markets, including NYSE/SFTI, NASDAQ, BATS, and Direct Edge. With a guaranteed SLA of 750 microseconds, HFN announces that Exchange Connect sets a new industry performance milestone. This offering means that Switch and Data's centrally located North Bergen site provides a single location with unmatched performance for trading firms in the equity markets.
"In an industry where microseconds matter, enabling clients to increase trade order fill ratios is at the forefront of our concerns," said Brett Diamond, President of Hudson Fiber Network. "We chose Switch and Data because of its proximity to the markets, access to fiber networks, and its financial ecosystem, which includes leading service providers, and many buy and sell-side firms."
Trade volume in April 2008 was seven billion trades per day, and a year later it has increased to 12 billion. In addition to sub-millisecond exchange access, Switch and Data's site offers the financial community space and power to scale their operations to keep pace with this drastic increase in transaction volume. The 163,000sf North Bergen data center is built to Switch and Data's latest high-performance standard and can support up to 200 watts/sf of power and cooling capacity.
"In the quest to reduce latency, HFN's Exchange Connect platform in North Bergen sets a new standard for high-speed access to the financial markets," said John Panzica, Vice President of Switch and Data's Financial Services Practice. "This relationship with Hudson Fiber Network provides Switch and Data's financial clients with a single location that provides the lowest latency access all of the leading equities markets. This helps our customers improve performance and minimize expense."
For more information about Switch and Data's Financial Services Practice and HFN's Exchange Connect platform, visit BOOTH #2311 at the SIFMA conference which begins today in New York.
About Hudson Fiber Network
Based in Paramus, N.J., Hudson Fiber Network (HFN) was established in 2002 and has quickly become one of the premier Ethernet data providers in the U.S. offering Ethernet data and IP solutions for medium to large-sized global customers. HFN utilizes multiple carriers and a variety of networks, while providing consolidated invoices and a single point-of-contact for all Ethernet applications.
With more than 25 years of combined experience in the telecommunications industry, Hudson Fiber Network was formed with the goal of helping clients increase their network efficiency, manage a multi-carrier environment, and lower overall telecom expenditures.
The company's vendor network targets data and Internet services on a worldwide level. Its 24/7 support team services customers' telecom needs from basic Internet services to high-end Gigabit Ethernet and Wave networks. For more information on Hudson Fiber Network, please go to www.hudsonfiber.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. For more information on Switch and Data, please visit www.switchanddata.com.
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 www.switchanddata.com. To automatically receive Switch and Data financial news by email, please visit www.switchanddata.com and subscribe to Email Alerts. Investors are encouraged to check Switch and Data's website frequently to access the most up to date information.
This press release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially from expectations discussed in such forward-looking statements. Factors that might cause such differences include, but are not limited to, the challenges of acquiring, operating and constructing IBX centers and developing, deploying and delivering Equinix services; unanticipated costs or difficulties relating to the integration of companies we have acquired or will acquire into Equinix; a failure to receive significant revenue from customers in recently built out or acquired data centers; failure to complete any financing arrangements contemplated from time to time; competition from existing and new competitors; the ability to generate sufficient cash flow or otherwise obtain funds to repay new or outstanding indebtedness; the loss or decline in business from our key customers; and other risks described from time to time in Equinix's filings with the Securities and Exchange Commission. In particular, see Equinix's recent quarterly and annual reports filed with the Securities and Exchange Commission, copies of which are available upon request from Equinix. Equinix does not assume any obligation to update the forward-looking information contained in this press release.
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