Industry Events





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Financial Services

Latency News for May 14, 2011
Submarine Cable NewsFeed - Financial Services
Monday, 14 May 2012 12:56

Sidera Networks Extends Its Xtreme Ultra-Low Latency Network Internationally

Sidera Networks, the premier provider of fiber optic-based network solutions, announces the availability of low latency connectivity from the New York Metro market to Toronto, Canada and London, England. By extending its Xtreme Ultra-Low Latency Network internationally, Sidera provides a strategic advantage to financial services firms, exchanges, and other high bandwidth customers who value low latency for applications such as electronic trading and real-time content distribution. The new low latency routes also provide diversity from Sidera’s existing routes to Toronto and London.

"As part of Sidera's strategic plan to grow our network in ways that complement our existing customers and assets, this addition of low-latency routes to Toronto and London makes perfect sense," said Clint Heiden, President, Sidera Networks. "We’re extending our already formidable financial services network cloud, so that customers who plug into Sidera's Xtreme Ultra Low Latency Network have access to a world of exchanges and financial services players." Heiden continues, "By rapidly responding to customer demand and delivering the lowest latency routes possible, Sidera is building on its leadership in a market where we already provide the network that clears roughly $7 trillion in trades daily."

Sidera's high capacity, high availability Xtreme Ultra-low Latency Network offers low latency paths between the New York metropolitan area financial exchanges and other key locations to deliver diverse and resilient connectivity. The company also provides customers the lowest latency route between Aurora, IL and Chicago, IL and diverse routes between New York and Ashburn, VA (with bypasses of New York City and Washington, DC). Sidera services include dark fiber, wavelengths and Ethernet.

To learn more about Sidera, visit or follow Sidera on Twitter @sideranetworks

Carriers announce financial services deals
Submarine Cable NewsFeed - Financial Services
Saturday, 31 March 2012 18:13

Level 3 provides FXCM, Inc. with enhanced network capabilities

Level 3 Communications, Inc. has been selected by FXCM, Inc., 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.

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.

Irish Stock Exchange joins BT Radianz Cloud community

BT and the Irish Stock Exchange (ISE) announced that market data from the ISE is now accessible to the 15,000+ global member sites in the BT Radianz Cloud. The ISE’s relationship with BT makes it easier for investors in Europe and beyond to access ISE information and is expected to expand the ISE’s existing international reach for its market data.

The BT Radianz Cloud is the world’s largest secure networked financial services community that enables global financial markets participants to exchange market information, trade with each other and clear and settle transactions. The ISE is a leading stock exchange globally for listing hedge funds and alternative funds and is Europe’s primary listing centre for asset-backed securities, with a 70% share of this market.

The BT Radianz Cloud community of banks, broker-dealers, investment managers and hedge funds will benefit from fast, cost-effective access to a broad set of new debt and investment fund data from the ISE. This includes trade information in relation to Irish Government bonds and treasury bills and security reference information for over 21,000 debt and 7,400 investment fund instruments listed on the ISE’s markets.

CWW provides high performance network to IPC

Cable & Wireless Worldwide (CWW) has won a new contract from IPC, a leading provider of voice and electronic trading communications solutions, to provide a high performance, secure and resilient network for its global financial customers between key locations across Asia and Europe.

IPC’s customers, including the top investment banks, hedge funds and investment managers based in developed economies like the US, as well as in the emerging markets; will now take advantage of CWW’s next-generation network, which provides high-speed, low latency connectivity to support the trading communities in Hong Kong, Tokyo, Singapore and the UK.