The National Stock Exchange (NSX) said it partnered with Sidera Networks (formerly RCN Metro), a leading provider of fiber optic-based network solutions, to create a new network solution called Exchange in a Box. This will provide connectivity to NSX via any of the major financial data centers in the New York Metro area at a reduced cost, enabling NSX customers to take advantage of microsecond connections.
Exchange in a Box utilizes a dedicated, layer-2 network running over an ultra-low latency wavelength platform, delivering efficient and seamless connectivity to NSX. Exchange in a Box network solution enables firms to quickly cross-connect with NSX, further reducing latency and cutting fees by as much as 75 percent for NSX's member firms, contends the release.
As technology plays a critical role in today's market structure, NSX is committed to developing innovative market efficiencies for its customers, the exchange stated in the release. Exchange in a Box represents a significant breakthrough in pricing, speed and connectivity and embodies its commitment to its customers, said NSX.
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