Creating an ultra high-speed infrastructure for 21st century financial markets, the New York Stock Exchange will install a 100 Gigabyte per second network next year based on technology from networking gear vendor Ciena. Currently being installed in the New York City area and in London, the new platform will be the first commercially deployed 100G network, according to NYSE Euronext, the exchange’s parent company.
Running over the NYSE’s fiber optic network from data centers located in New Jersey and London, the network will be powered by Ciena’s CN4200 RS FlexSelect Advanced Series platform – a jawbreaking product name denoting the only current technology that delivers a “true” 100G data stream over a single wavelength, according to the company. The new data centers are expected to go live next year.
Ciena demonstrated the CN 4200 platform at the the Supercomputing Conference 2008 in Austin, Texas, in December. Verizon Business also is expected to deploy 100G capabilities along its major fiber backbone in the U.S. in 2010.
The new platform is part of a wider push to provide near-instantaneous processing of stock trades, market updates, and other financial transactions to traders and fund managers around the world. Exchange clients will see latency reductions of 60 to 70 microseconds, according to Stanley Young, CEO of NYSE Technologies.
