If your provider is rubbish – build your own network. NYSE

When Verizon balked at upgrading the NYSE’s telecom network sufficiently, the exchange resolved to create its own. After Labor Day 2002, the Securities Industry Automation Corporation announced it would provide a new telecom network for NYSE members called the Secure Financial Transaction Infrastructure – – a fiber-optic cable ringing Manhattan that NYSE members would hook into directly, eliminating their dependence on Verizon.

via Dead Phones Sent Wall Street Message (Part 2): Bratton and Tumin – Bloomberg.

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