Hibernia Atlantic names CME Group as latest PoP on its GFN
Hibernia Atlantic on Thursday added CME Group, a risk management provider for the financial industry, as a new Point of Presence (PoP) on its Global Financial Network (GFN).
Through this agreement, Hibernia will be able to provide ultra low latency connectivity up to 10 Gigabit Ethernet (GigE) to CME's Aurora, Ill.-based data center.
Having low latency network capabilities is key to CME Group's new data center because it supports its advanced trading match engines for its global electronic trading platform CME Globex.
Over the past three years alone, there has been a frenzy of new and existing service providers developing services and specific network routes and networks like the GFN targeting the needs of financial trading companies.
Hibernia is augmenting the GFN through the buildout of its Project Express submarine cable. Set to be completed this summer, the new cable will offer sub 60 ms latency, connecting New York to London, two major financial hubs.
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