Leading Global Provider of Foreign Exchange Trading Services, GAIN Capital, Chooses Optimum Lightpath to Improve Speed, Reliability and Scalability of Communications Services
NY Metropolitan Area-Based Financial Services Powerhouse Secures Lower Latency, Higher Capacity Communications for Less with Optimum Lightpath
JERICHO, NY, July 28, 2009 Optimum LightpathSM, a market leader in Ethernet-based communication solutions for New York metropolitan area businesses, today announced that New Jersey and New York-based GAIN Capital selected Optimum Lightpath as its telecommunications provider. With Optimum Lightpath, GAIN Capital increased the speed, scalability and reliability of its 24/5 online FOREX trading platform used by customers in 140 countries around the world.
In the financial services world, speed is the competitive advantage. Many leading financial services providers rely on Optimum Lightpath's 100 percent fiber optic network for high speed, reliable and secure information delivery and management. With Optimum Lightpath, financial services companies make on-demand decisions with super low-latency connections to critical information at the bank, on the trading floor, remotely online and virtually anywhere that speed is the lifeblood of the business. With Optimum Lightpath, financial services companies can comfortably deploy and support a variety of mission critical applications, including systems for enterprise resource planning (ERP), electronic data interchange (EDI), and customer relationship management (CRM). By mitigating risk through improved network resiliency and diversity, Optimum Lightpath customers ensure business continuity without relying on a single point of failure in a copper-based network.
In order to support its rapid growth and accommodate its need for more flexible, "on-demand" capacity, GAIN Capital extended its offering with Optimum Lightpath's 100% fiber Metro Ethernet network. Using Optimum Lightpath, the company utilizes super low latency, high availability Internet services.
"Low latency trading is critical in the fast moving currency market, so having faster connections through the Internet to our customers is a competitive advantage for both GAIN and our customers. That's why we chose Optimum Lightpath," said Andrew Haines, CIO of GAIN Capital. "Now we have true network diversity, physically independent of traditional carriers, improved speed and reliability and the ability to add capacity in just a few days ¿ ultimately providing us with more bandwidth for fewer dollars. We feel like we have a true partner in Optimum Lightpath. They deliver a great service for us, and I just don't worry about our bandwidth capacity anymore."
With Optimum Lightpath, GAIN Capital has also migrated to a dual-site hosting model, locating its production trading systems infrastructure in two separate sites with a fully redundant gigabit circuit linking the facilities to enable always-on, real-time data replication.
The financial services industry is extremely competitive. Every millisecond counts and downtime is something that an always-on exchange can't afford," said Dave Pistacchio, President of Optimum Lightpath. "So it makes sense that a growing number of financial services companies are joining the area's most sophisticated businesses as part of the Optimum Lightpath smart community, and embracing our faster and more resilient and reliable voice, data, Internet and video technologies."
Optimum Lightpath has selected GAIN Capital for its Customer Spotlight of the Month for July 2009.
About Optimum Lightpath
Optimum Lightpath, a division of Cablevision Systems Corporation (NYSE: CVC), is an industry leader in providing advanced Ethernet-based data, Internet, voice, video transport solutions and managed services to businesses across the New York metropolitan area. Optimum Lightpath's Network is a highly reliable, resilient, and scalable fiber-to-the-business-premises network extending more than 3,700 route miles connecting more than 3,300 buildings. Exclusively focused on meeting customer needs in the world's largest business market for 20 years, Optimum Lightpath has been continually recognized for its high level of customer service. For 11 straight years, the New York State Public Service Commission has given Optimum Lightpath its Commendation of Excellence. Optimum Lightpath has received many industry awards for innovation and leadership. For more information, visit www.optimumlightpath.com.
About GAIN Capital
GAIN Capital is a market leader in the rapidly growing online foreign exchange (forex or FX) industry. Founded in 1999 by Wall Street veterans, GAIN now services clients from more than 140 countries and supports average trade volume of nearly $200 billion per month with its customers and counterparties.
The company operates FOREX.com (www.forex.com) one of the largest, best-known brands in the retail forex industry. FOREX.com services individual investors of all experience levels with a full-service trading platform, advanced tools and research, and extensive education and training. In addition, GAIN Capital provides execution, clearing, custody, and technology products and services, supporting over 50 correspondent and white label arrangements with broker/dealers, Futures Commission Merchants (FCMs) and other financial services firms around the globe.
With offices in New York City, Bedminster, New Jersey, London and Tokyo, GAIN Capital Holdings and its affiliates are regulated by the Commodity Futures Trading Commission (CFTC) in the US, the Financial Services Authority (FSA) in the United Kingdom, and the Financial Services Authority (FSA) in Japan. For more company information, visit www.gaincapital.com or www.forex.com.
BLB Communications for Optimum Lightpath