Hudson Fiber Network to Setup Exchange Connect for S&D

Switch and Data Facilities Co. reportedly announced that Hudson Fiber Network is poised to setup its latest Exchange Connect platform in Switch and Data’s (News - Alert) North Bergen, New Jersey data center.

 

Officials at Hudson Fiber claim that their Exchange (also officially referred to as both X-Change and XChange) Connect platform delivers the lowest possible time delay network to high volume updated information exchange for trading institutions. This belief is based on the fact that the solution has perpetually delivered a latency of not more than 750 microseconds, and the company has backed itself by committing this latency limit in its Service Level Agreement (SLA) with Switch and Data.

 

“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, in a statement. Switch and Data claims that Hudson Fiber is the most recent carrier to join its North Bergen site, and significantly boosts the trading environment by increasing the center’s resilient carrier density.

 

The company had earlier entered into contractual agreement with another operator for the American National Standards Institute (ANSI) and the Telecommunication Standardization Sector of the International Telecommunications Union (ITU-T) standards-based carrier local loop services, protocol conversions, engineering services, the technical expertise to access and activate new facilities, and also to increase the number of network service providers available to Switch and Data customers in its three metro sites from 300 to 400. 

 

Hudson Fiber says that its Exchange Connect delivers 200 to 400 microsecond actual performance to the leading financial markets, including New York Stock Exchange (NYSE), Secure Financial Transaction Infrastructure (SFTI), The National Association of Securities Dealers Automated Quotations (NASDAQ), Better Alternative Trading System Exchange (BATS), and Direct Edge.

 

“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, in a statement.

 

Switch and Data says that trade volume in April 2008 was 7 billion trades per day and this figure has gone up by 5 billion in April 2009 the figure to make it 12 billion trades per day. Its 163,000 square foot data center has been designed to absorb such trafficking. 

 

Switch and Data’s Financial Services Practice (FSP has been developed to address the “volume” and “low-latency” requirements of today’s electronic trading market and its 200 watts per square foot standard supports the order management, market data and matching engine scalability to support the current and future growth needs.

 

“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,” Diamond said,

Switch and Data (FSP) sites also house direct current (DC) power plants and offer the option of DC power that is considered an attractive option for companies who need high-equipment densities to house rich digital content.

 

“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,” Panzica said. “This helps our customers improve performance and minimize expense.”