Verizon Business has announced a three-year extension to its existing contract to provide the London Stock Exchange with global communications support. Verizon Business is upgrading the exchange’s global wide area network (WAN) communication infrastructure to further enhance high-speed data transmission and message-broadcasting capabilities.
The network upgrade will be provided by Verizon Ethernet Private Line services, with a speed of 10Mbps, upgradeable to 100Mbps. Verizon Business’ fully managed Ethernet services also underpin the delivery of various new London Stock Exchange service offerings, including TradElect, launched on 18 June 2007. This high-speed delivery mechanism increases the rates at which data can be sent out to the market, allowing core customers to receive information more quickly.
The London Stock Exchange is one of the world’s premier international equity exchanges, with companies from more than 60 countries trading on its markets. With a reputation as one of the most reliable and innovative stock exchanges in the world, the exchange’s continued success is dependent on its ability to offer secure and timely transmission of critical market data and pricing information to its clients, no matter where they are based.
The exchange’s communication infrastructure must therefore be able to support consistent, reliable and secure data delivery, as well as offer flexibility and scalability to support the Exchange’s ongoing service-expansion plans.
Wendy Morgan, head of real-time information, London Stock Exchange, says: “Our customers around the globe depend on the consistent reliability, security and speed of our exchange. In the delivery of market-critical data, any downtime means a loss in trading, which is unacceptable. Our new network guarantees us top-level business resilience and continuity, providing us with the confidence that we can deliver every second of the business day.”
As part of its managed services provision, Verizon Business monitors the exchange’s network performance round-the-clock, including usage profiling to support planned enhancements. Full resilience is provided including extensive equipment mirroring and backup circuits at the exchange’s primary and secondary disaster recovery sites as well as at customer sites.