SIAC Renews Contract with RCN Metro Optical Networks in support of the SFTI® Network
Herndon, VA – March 17, 2008 – RCN Metro Optical Networks, a division of RCN Corporation (NASDAQ: RCNI) and a premier provider of fiber optic-based network solutions, announced today that the Securities Industry Automation Corporation (SIAC), on behalf of itself and its affiliate, NYSE TransactTools, has renewed a multi-year contract with RCN Metro Optical Networks to upgrade and manage portions of the SFTI® (Secure Financial Transaction Infrastructure®) network.
“RCN Metro has provided diverse connectivity in support of the underlying SFTI network with management and maintenance at the highest levels,” said Lou Modano, Senior Vice President, NYSE TransactTools. “The SFTI network’s reliability, efficiency, protection and dependability are extremely important to us, so we are pleased to renew our partnership with RCN.”
As part of the contract, RCN Metro will provide a portion of the SFTI® backbone that handles distribution of critically important exchange trading and market data. SFTI is the highly resilient, ultra low latency communications backbone dedicated to the financial industry. It offers connectivity to NYSE Euronext for trading, applications and market data services along with other exchanges, market centers and content services providers. The SFTI® network was engineered for high performance, security and the resiliency necessary for efficient, global electronic securities trading. RCN Metro will provide a portion of this ultra low latency platform.
"We are pleased that SIAC and NYSE TransactTools have entrusted a portion of their critical business platforms to RCN Metro, a next generation solutions provider. Over the past five years, NYSE TransactTools and RCN Metro Optical Networks have built a strategic business relationship,” said Felipe Alvarez, President, RCN Metro Optical Networks.
RCN Metro, which combines the forces of RCN Business Solutions and the recently acquired NEON Communications, offers a comprehensive suite of services including: Ethernet, SONET, Wavelength Services, Video, Internet and more. The breadth of its service offering and its ability to combine them to deliver customized, cost-effective, reliable solutions that are implemented and supported by dedicated client teams are what sets RCN Metro apart from its competition and make them “The Smart Alternative.”
"We recognize that the financial market requires a highly-reliable, secure and efficient transport system so we are diligent in meeting these priorities,” Alvarez explained. "With RCN Metro being the conduit for data between the major stock exchanges in New York City, we are steadfast in our commitment to dependability and efficiency."
RCN Metro, http://www.rcnmetro.com, is a premier provider of high-capacity transport services for carriers as well as large and medium-sized businesses. RCN Metro offers a comprehensive suite of services including: Ethernet, SONET, Wavelength, Video Transport, Internet and more. With a network leveraging unique rights-of-way, spanning from Maine to Virginia and out to Chicago, RCN Metro deploys custom solutions to service providers as well as companies in the finance, hospitality, media, government, health care and education industries. RCN Metro is a wholly owned division of RCN Corporation.
RCN Corporation, (NASDAQ: RCNI) http://www.rcn.com, is a competitive broadband services provider delivering all-digital and high definition video, high-speed internet and premium voice services to residential and small-medium business customers under the brand names of RCN and RCN Business Services, respectively. In addition, through its RCN Metro Optical Networks business unit, RCN delivers fiber-based high-capacity data transport services to large commercial customers, primarily large enterprises and carriers, targeting the metropolitan central business districts in the company's geographic markets. RCN's primary service areas include Washington, D.C., Philadelphia, Lehigh Valley (PA), New York City, Boston and Chicago. (RCNI-G)
NYSE TransactTools, an indirect subsidiary of NYSE Euronext (NYSE Euronext:NYX), provides financial markets and market participants with an open, low latency, and neutral platform for global trading connectivity that improves liquidity and reduces risk. The synergistic high performance environment, software and network facilitate DMA trading and market data dissemination between market centers, traders and third party service providers. Firms can access liquidity globally through a single technology platform with extremely low latency. The combination of the SFTI® connectivity backbone with the transaction management capabilities of TCM6, provides a flexible platform for services from the physical layer up through message routing and translation, monitoring, configuration and market data dissemination. Providing core technology to 17 of the 20 largest securities firms in the world, in addition to providing communications infrastructure to hundreds of other firms, NYSE TransactTools is the leading provider of connectivity for the largest global liquidity pool. For more information, visit www.nyse.com/transacttools.
This press release may contain forward-looking statements, including forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements concerning NYSE Euronext's plans, objectives, expectations and intentions and other statements that are not historical or current facts. Forward-looking statements are based on NYSE Euronext's current expectations and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such forward-looking statements. Factors that could cause NYSE Euronext's results to differ materially from current expectations include, but are not limited to: NYSE Euronext's ability to implement its strategic initiatives, economic, political and market conditions and fluctuations, government and industry regulation, interest rate risk and U.S. and global competition, and other factors detailed in NYSE Euronext’s reference document for 2006 ("document de référence") filed with the French Autorité des Marchés Financiers (Registered on June 6, 2007 under No. R.07-0089), 2006 Annual Report on Form 10-K, as amended, and other periodic reports filed with the U.S. Securities and Exchange Commission or the French Autorité des Marchés Financiers. In addition, these statements are based on a number of assumptions that are subject to change. Accordingly, actual results may be materially higher or lower than those projected. The inclusion of such projections herein should not be regarded as a representation by NYSE Euronext that the projections will prove to be correct. This press release speaks only as of this date. NYSE Euronext disclaims any duty to update the information herein.