Cross River Fiber enhances financial market reach with Telx partnership
Cross River Fiber, an emerging dark fiber provider, on Wednesday announced that it is building a low-latency fiber connection into Telx's colocation facilities in Clifton, N.J. to target new opportunities in the financial trading industry.
Providing a connection to Telx's NJR2 at 100 Delawanna Ave and NJR3 data center at 2 Peekay, the New Jersey-based provider said that the new routes are being purposely built to "significantly reduce latency to NYSE's Mahwah facility from current fiber optic routes."
The CLEC is able to offer these alternative lower latency routes to NYSE's Mahwah facility because both of them pass directly through Clifton on their way to financial exchanges in Secaucus and Weehawken.
What's more, customers will be able to get a direct path from Telx's Clifton facilities to the Mahwah facility, something that other providers have struggled to do on the existing Mahwah to Secaucus route.
These latest network routes, which follow Cross River Fiber's deployment of what it claimed were the "shortest routes" between all New Jersey-based data centers, will provide customers with low latency connectivity to area financial exchanges.
Of course, these new routes are just part of a broader strategy the CLEC is taking to target area financial exchange companies. Already operating a large campus environment at 100 Delawanna, Cross River Fiber is also constructing a three-story data center (NJR3) which will provide 215,000 gross square feet of colocation space.
Extending these new fiber routes with Telx, a major interconnection and data center services provider, gives it instant access to a new set of customers that are looking for alternative carriers for their trading traffic.
- see the release
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