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Stay Fit Housing LLC, a corporate housing and wellness company based in Los Angeles and New York City, announces the appointment of Daniel F. Corridon to Chief Executive Officer.
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Hibernia Atlantic announced plans Thursday to build a new trans-Atlantic communications cable aimed at high-frequency Traders at the NYSE on May 6. stock traders, shaving 310 miles from the shortest existing route and cutting execution times by about 8%. The cable group's plan is the latest effort to link financial centers with new infrastructure, providing ever-faster trading times, and would be the first new line across the Atlantic in more than a decade. The trans-Atlantic market is WASl-IINGTON--/\ ruport Oil th\' world's second-busiest for fiIhl' May (j "Ilaxh cr.tsh' in II\(' u.uuial trades after LondonIIX stock m.ukct ~lilllS 10 giv(' ;1 Frankfurt. 1\ lWW, shorter cable route developed by Spread Netdefinitive, second-by-second account of the sudden plunge and works recently was opened on is likely to blame a confluence of the third-ranked New York-Chifactors rather than a single cul- cago corridor. prit, people familiar with the reClosing the Gap port said. "There has been a gap in the Atlantic market," said Mike By Jessica Holzer, Saunders, Hibernia Atlantic's Sarah N. Lynch vice president for business deAnd Kara Scannell velopment. Hibernia Atlantic has yet to The report by the staff of the Securities and Exchange Com- sign any definitive customer mission and the Commodity Fu- contracts for the project. It is tures Trading Commission is set targeting high-frequency traders and related financial firms with to be released within days. A draft of the report circuround-trip speeds of less than 60 milliseconds, compared with 65 lated to SEC commissioners didn't call for any specific policy milliseconds using the existing changes, said a person who has AC-1 trans-Atlantic network. Mr. Saunders said the comseen it. Rather, the report attempts to pany aims to start construction explain how market conditions next spring and complete the led to a sudden plunge in the 3,720-mile cable running from Dow Jones Industrial Average of Somerset in southern England to nearly 1,000 points, wiping out Halifax on Canada's eastern searoughly $862 billion in equityboard by mid-2012.