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Article: Ramping Up In The Midwest: Chicago Stock Exchange's New Net.(Chicago Stock Exchange Inc. replaces old T-1 lines)(Brief Article)
- Article from:
- Traders
- Article date:
- January 1, 2002
- Author:
CopyrightCOPYRIGHT 2002 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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For the Chicago Stock Exchange the New Year started on super speed - thanks to a new broadband in-house Internet platform.
The platform, an Ethernet-based web service, replaces the exchange's old T-1 lines.
"It is one of those massive, fundamental shifts that occurs every several years," said Charles Rutstein, an analyst at Forrester Research. "The shift is from very complex, old networking technologies, to much simpler and much cheaper networking technologies."
This fundamental shift was no doubt prompted by the exchange's 450 members - floor brokers, specialists and market makers - who use the Internet extensively for company and customer ...