Science & Technology
Science and Technology
Science and Technology
Thu, January 8, 2009
RCN Metro Optical Networks Enables Ballista Securities? Clients to Trade at the Speed of Light
HERNDON, Va.--([ BUSINESS WIRE ])--RCN Metro Optical Networks, a division of RCN Corporation (NASDAQ: RCNI) and a premier provider of fiber optic-based network solutions, announced today that Ballista Securities, operator of the new Ballista ATS for block options and delta neutral orders, will be using RCN Metro's Ethernet network to connect to the major trading floors in New York and Chicago.
Ballista Securities operates an alternative trading system for delta neutral transactions and block equity options trades and is committed to giving its financial services clients the highest level of efficiency in block option trade execution. Ballista's selection of a service provider was highly based on service speed and reliability.
"We are pleased that Ballista selected RCN Metro for their Ethernet connections. RCN Metro has long been the provider of choice to the financial services industry due to our outstanding customer support and our ultra low latency, fiber-optic based network. These attributes ensure that we can provide Ballista with service that allows their clients to execute trades quickly and efficiently, giving them the competitive edge they need in the marketplace," said Felipe Alvarez, President of RCN Metro.
"At Ballista, we strive to provide our clients with the fastest, most efficient trading experience available," said Dr. Daniel Marques, Chief Technology Officer, Ballista Securities. "Acquiring an additional, high-speed, fiber-optic based network solution from RCN Metro helps us to ensure optimal conditions for the market participants who trade on our platform".
About RCN Metro Optical Networks
RCN Metro, [ 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.
About RCN Corporation
RCN Corporation, [ www.rcn.com ], is a facilities-based, competitive broadband telecommunications services provider delivering video, high-speed data and voice services to residential and small-medium business customers under the brand names of RCN and RCN Business Services, respectively. In addition, through the 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).
About Ballista Securities
Ballista Securities, [ www.ballistasecurities.com ], a privately held venture conceived in early 2007, is dedicated to advancing the execution of institutional options trading, specifically delta-neutral strategies, complex transactions and block trades.
