Global Financial Trading Company to Depend on Level 3's Services to Increase Network Security, Reliability and Global Access
BROOMFIELD, Colo., March 26, 2012/PRNewswire/ -- Level 3 Communications, Inc. (NYSE:LVLT, news, filings) today announced that it has been selected by FXCM, Inc. (NYSE:FXCM), a global online provider of foreign exchange trading and related services, to provide multiple network services that increase the security, reliability and performance of FXCM's online trading applications.
The financial trading industry is increasingly reliant upon network solutions that allow investors to capitalize on efficient and secure access to global market information at all times. FXCM provides online currency trading services for a variety of clients and requires network connections and services that enable it to optimize the security, reliability and performance of its trading applications. Level 3's network services offer FXCM the ability to consolidate communications services management and simplify network design.
"Our clients expect efficient, consistent and secure access to the most current information on global currencies as well as the ability to respond quickly to market fluctuations," said Erik Cuevas, vice president of Infrastructure Engineering, FXCM. "Level 3's network services provide us with the performance and reliability we need to confidently offer our clients advanced online trading tools that enable them to successfully navigate the ever-shifting foreign exchange market."
Under the terms of the agreement, Level 3's Ethernet private line (EPL) service will interconnect FXCM's headquarters in New York with remote data centers to ensure efficient, redundant access to its trading applications. Additionally, FXCM will use Level 3's multiprotocol label switching (MPLS) service for global data center connectivity and high speed Internet protocol (HSIP) service to improve online efficiency for its global customer base.
"Level 3's reliable and secure network offers the scalability and flexibility necessary to address our customers' needs for increased growth and efficiency," said Andrew Crouch, president of North America Sales for Level 3. "Our agreement with FXCM demonstrates our continued ability to successfully meet the increasing demands for advanced communications services within the financial industry, and we are pleased that our services will help them continue to expand their business."
For more information on Level 3's advanced network and service offerings, visit www.level3.com.
About Level 3 Communications
Level 3 Communications, Inc. (NYSE: LVLT) is a premier global provider of IP-based communications services to enterprise, content, government and wholesale customers. Over its reliable, scalable and secure network, Level 3 delivers integrated IP solutions, including converged, data, voice, video and managed solutions to help enable customers' growth and efficiency. Level 3 operates a unique global services platform anchored by owned fiber networks on three continents in more than 45 countries, connected by extensive undersea facilities. For more information, visit www.level3.com.
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Please note that the information contained on any of Level 3's web sites is not incorporated by reference in, or considered to be a part of, any document unless expressly incorporated by reference in that document.
Some of the statements made in this press release are forward looking in nature. These statements are based on management's current expectations or beliefs. These forward looking statements are not a guarantee of performance and are subject to a number of uncertainties and other factors, many of which are outside Level 3's control, which could cause actual events to differ materially from those expressed or implied by the statements. The most important factors that could prevent Level 3 from achieving its stated goals include, but are not limited to: the company's ability to successfully integrate the Global Crossing acquisition, the current uncertainty in the global financial markets and the global economy; a discontinuation of the development and expansion of the Internet as a communications medium and marketplace for the distribution and consumption of data and video; and disruptions in the financial markets that could affect Level 3's ability to obtain additional financing. Additional factors include, but are not limited to, the company's ability to: increase and maintain the volume of traffic on its network; develop effective business support systems; manage system and network failures or disruptions; develop new services that meet customer demands and generate acceptable margins; defend intellectual property and proprietary rights; adapt to rapid technological changes that lead to further competition; attract and retain qualified management and other personnel; successfully integrate future acquisitions; and meet all of the terms and conditions of debt obligations. Additional information concerning these and other important factors can be found within Level 3's filings with the Securities and Exchange Commission. Statements in this press release should be evaluated in light of these important factors. Level 3 is under no obligation to, and expressly disclaims any such obligation to, update or alter its forward-looking statements, whether as a result of new information, future events, or otherwise.
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SOURCE Level 3 Communications, Inc.