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Network hardware industry

Verilink Corporation Selected by MCI for Nasdaq Stock Market Electronic Trading Network

Strategic Insights

— 1 min read

Verilink Corporation, a leading supplier of wide-area network (WAN) access products, has been selected by MCI to provide key components for the new communications infrastructure of the Nasdaq Stock Market's electronic trading network. The network, currently being tested at Nasdaq's Technology Center in Trumbull, Conn., will initially handle four billion shares per day and can be scaled up to eight billion shares per day, a significant increase from its current capacity of over two billion shares per day.

Key Takeaways:

  • MCI has chosen Verilink's WAN access products as the standard components for the Nasdaq Stock Market's new electronic trading network.
  • The new network will have the capacity to handle four billion shares per day, with the potential to scale up to eight billion shares per day.
  • The Verilink Access System 2000 (AS2000) integrated access device will be used to connect routers to the IP routed network.
  • The high-speed network, designed and built by MCI, will provide secure, reliable, and simultaneous data transmission to brokers monitoring stocks, placing trades, and querying the market for real-time information.
  • The Nasdaq Stock Market is the fastest growing major stock market in the United States and the world's largest electronic market.
  • MCI is a leading provider of local-to-global communication services, with a portfolio of advanced data, Internet, and IT services accounting for nearly a quarter of its $19.7 billion in annual revenue.
  • The company has agreed to merge with WorldCom, expected to be completed in mid-1998, creating MCI WorldCom.

Statistics:

  • The new network will have the capacity to handle four billion shares per day.
  • The network can be scaled up to eight billion shares per day.
  • The Verilink AS2000 single-chassis access device houses multiple applications on one platform.
  • The NASD is the largest securities industry self-regulatory organization in the United States.
  • MCI has $19.7 billion in annual revenue.
  • The merger with WorldCom is expected to be completed in mid-1998.

Sources:

  • Verilink Corporation press release, April 27, 1998
  • Nasdaq Stock Market website (http://www.nasdaqnews.com)
  • MCI website (www.mci.com)
  • Variety information: Verilink is a supplier of WAN access products, MCI is a provider of local-to-global communication services, and WorldCom is a communications company undergoing a merger with MCI.

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