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Wolverine Trading Chooses RCN Metro's High-Density Colocation Facility for Its Data Center Needs

^{Published on 2009-12-17 05:10:53 - Market Wire}
 

HERNDON, VA--(Marketwire - December 17, 2009) - [ RCN Metro Optical Networks ], a division of [ RCN Corporation ] (NASDAQ: [ RCNI ]) and a premier provider of fiber optic-based network solutions, today announced the addition of [ Wolverine Trading ] (Wolverine), a leader in derivatives valuation, trading, and value-added order execution, to its 165 Halsey high-density colocation facility in Newark, NJ. Occupying nearly 20 percent of the available space, Wolverine chose RCN Metro based on the facility's strategic location near the world's major financial exchanges in NY and NJ, and for its high-powered, state-of-the-art design.

Because of the design of RCN Metro's 165 Halsey, Newark, NJ colocation facility, Wolverine can minimize the number of cabinets thus ensuring the lowest possible latency for Wolverine's network and helping the Company increase the performance of its technology with zero-delay trade execution, real-time market information, and maximized uptime.

"RCN Metro's 165 Halsey facility is an ideal setting for our most critical data center concerns -- location, power, and cooling systems," said Jeremy Krinn of Wolverine Trading. "In addition, RCN Metro has a proven network and industry expertise to help ensure that we can execute on our business objectives."

"The addition of Wolverine's sizeable footprint within our high-density colocation facility demonstrates a strong commitment from a leading financial technology firm for whom low-latency and uninterrupted throughput is key," said Felipe Alvarez, President of RCN Metro. "With many of the financial exchanges expanding operations in New Jersey, our strategically located facility represents the latest in technological innovation best suited to the needs of our financial services customers."

RCN Metro's high-density colocation facility located at 165 Halsey Street, Newark, NJ, is a state-of-the-art colocation center that is a fully secure, temperature-controlled facility, offering power-ready racks, cabinets, and bulk space. It features sophisticated power and HVAC systems capable of handling the demands of high-density server technologies now and into the future. In addition, the Halsey facility can assemble up to 15kw racks to meet the needs of heavy use customers without interference from heat or load. By positioning multiple interconnected racks side-by-side, RCN Metro customers can avoid having to purchase blank space in order to meet their power demands.

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 ]), [ 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 Wolverine Trading, LLC

Wolverine is a diversified financial institution specializing in proprietary trading, asset management, order execution services, and technology solutions. Wolverine is recognized as a market leader in derivatives valuation, trading, and value-added order execution across global equity, options, and futures markets. In addition to being a consumer of co-location space around the world, Wolverine is an equity investor and anchor tenant of 360 Technology Center Solutions, a Disaster Recovery and Co-location facility in the Chicago suburbs. 360 TCS, LLC ([ http://www.360tcs.com ]) offers a unique blend of extreme power density, redundancy, and diverse connectivity conveniently located outside the city in Lombard, IL. Wolverine is headquartered in Chicago, with branch offices in New York, San Francisco, and London. For additional information, visit [ www.wolve.com ].