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ECHOtrade Chooses RCN Metro for Connectivity to Major Financial Exchanges, the Internet and Colocation Services

^{Published on 2009-11-12 05:13:02 - Market Wire}
 

HERNDON, VA--(Marketwire - November 12, 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 is providing ECHOtrade, a professional trading firm dedicated to the needs of the off-the-floor trader, with connectivity to major financial exchanges and the Internet. In addition, RCN Metro is providing colocation services for their New York offices. RCN Metro was able to deliver these services to ECHOtrade in days, far faster that the customer's previous experiences with other service providers.

"There's no question that in the financial services industry, time is money. Network connectivity is a trading firm's critical lifeline -- ensuring a high degree of network availability and resiliency is paramount among key decision makers," said Felipe Alvarez, President of RCN Metro. "ECHOtrade's New York offices will directly benefit from RCN Metro's regional expertise and resources and our deep understanding of the needs of this industry."

RCN Metro upgraded ECHOtrade's network services to include multiple circuits for connectivity to financial exchanges, connecting to the Internet and colocation services at its 111 8th Ave facility.

Founded in 1999, ECHOtrade is a professional trading firm and industry leader in providing reliable software geared towards speed of execution, lower cost transactions and higher payouts. ECHOtrade excels at going beyond the needs of the serious off-floor trader.

"As the financial services industry evolves and technology gets more advanced, we are committed to providing our traders with the most reliable, dense, high-capacity network available today and one designed to meet their needs tomorrow," said Robert D. Keller, COO of ECHOtrade. "When we decided to upgrade our services, RCN Metro was the clear choice and was even highly recommended by another network services provider."

About RCN Metro Optical Networks

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.

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 ECHOtrade

ECHOtrade was founded in 1999 by a group of experienced traders who felt the professional trading community needed more choice with the goal to become an industry leader by providing reliable software geared towards speed of execution, lower cost transactions and higher payouts. The Company provides a level of customer service unmatched in the industry, to ensure that every trader who chooses ECHOtrade knows they are a valued member of the firm.