Global Crossing to Provide Managed Hoot 'n Holler Network for J.P. Morgan Chase

By deploying its Global Hoot 'n Holler network service, Global Crossing will connect J.P. Morgan Chase's worldwide trading floors and bridge all of the company's Hoot 'n Holler broadcast networks over a private line network.

The new network will support J.P. Morgan's current network configuration, providing increased bandwidth, shorter provisioning intervals, fully integrated external network bridging, reduced noise and echoes and 24/7 global network management. Global Crossing will be responsible for the implementation and ongoing management of this network, spanning all J.P. Morgan Chase global sites and subsidiaries that conduct business throughout Asia Pacific, Europe, North and South America. Global Crossing will also manage portions of J.P. Morgan Chase's Automatic Ring-Down (ARD) and Manual Ring Down (MRD) point-to-point circuits.

"Global Crossing was selected to manage our trading infrastructure based on its combination of global reach, financial expertise, ability to implement hoot and holler networks, and quick response to the global network requirements created by our merger," said Mark Rizzotti, Global Product Manager for Trader Voice of J.P. Morgan Chase & Co. "We recognize Global Crossing's skill at handling network integration, including the bridging of equipment needed for hoot and holler systems."

"Global Crossing is committed to deploying a state-of-the-art, desktop-to-desktop trading solution that meets J.P. Morgan Chase's global communications needs," said John Legere, chief executive officer of Global Crossing. "The design and security of the Global Crossing network will also yield significant cost savings for J.P. Morgan Chase and its affiliates."

Global Crossing's Global Hoot 'n Holler network will be customized and pre-tested for deployment on a phased basis for J.P. Morgan Chase to ensure proper integration of the network bandwidth, bridging equipment and customer premise equipment.