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RCN Corporation: RCN Metro Optical Networks Provides Pipeline With Metro Ethernet Connections

^{Published on 2009-02-10 09:28:45, Last Modified on 2009-02-10 09:29:47 - Market Wire}
 

HERNDON, VA--(Marketwire - February 10, 2009) - [ RCN Metro Optical Networks ], a division of [ RCN Corporation ] (NASDAQ: [ RCNI ]) and a premier provider of fiber optic-based network solutions, announced today that it will be providing [ Pipeline Trading Systems LLC ], a provider of block execution systems, with [ Ethernet service ] between their data centers as well as connectivity to the major financial exchanges.

Pipeline partners with block traders to optimize the execution of large trades while denying statistical arbitrageurs the information they would need in order to profit from this information. Pipeline is the only block execution system that combines the high probability of block liquidity with the unmatched performance of predictive switching between best of breed algorithms. It was built from the ground up to deliver impact-free block liquidity in the face of increasingly sophisticated predators.

"We are pleased that Pipeline selected RCN Metro. RCN Metro's network affords the low latency, reliable environment that Pipeline's block traders need in order to compete in today's marketplace," said Felipe Alvarez, President, RCN Metro Optical Networks.

"Reliable network performance is crucial to our success. We chose RCN Metro because we knew they could provide the bandwidth that we needed, backed by high quality service and support," said Vincent Aniello, Vice-President, Director of Network Operations, Pipeline. "An outage or a degraded network connection would severely hinder our ability to provide the best service to our clients, but with RCN Metro's services we limit the chance of that happening."

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 (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)

About Pipeline

New York City-based Pipeline Trading Systems LLC operates the Pipeline Alternative Trading System (ATS) that enables institutions and brokerage firms to quickly and efficiently trade large blocks of NYSE and NASDAQ stocks, ADRs, and Exchange Traded Funds (ETFs). Pipeline maintains a hidden book of large, executable limit orders with strict price time priority. Pipeline facilitates interaction between traders, enabling all real buyers and sellers to find each other anonymously and get trades done while minimizing gaming. Pipeline Trading Systems LLC is a wholly owned subsidiary of Pipeline Financial Group, Inc. For more information, please visit [ www.pipelinetrading.com ].