The London Stock Exchange has strengthened its wide area trading network with a deal signed with Verizon Business.
The three-year contract extension will see Verizon Business upgrade the exchange's global wide area network (Wan) communication infrastructure, to further enhance high-speed data transmission and message-broadcasting capabilities.
The network upgrade will be provided by Verizon Ethernet Private Line services, with a speed of 10 megabits per second (Mbps), upgradeable to 100 Mbps.
Verizon Business' fully managed Ethernet services also underpin the delivery of various new London Stock Exchange service offerings, including TradElect launched this June.
This high-speed delivery mechanism increases the rates at which data can be sent out to the market, allowing core customers to receive information more quickly.
Wendy Morgan, head of real-time information at the London Stock Exchange said, "Our new network guarantees us top-level business resilience and continuity, providing us with the confidence that we can deliver every second of the business day."