Colt (Nasdaq: COLT) is buttoning up the latency on its pan-European network by adding Infinera's (Nasdaq: INFN) optical networking system into two of its key routes. With the Infinera systems in place, Colt claims it can offer services with 4.22 milliseconds of latency between London and Frankfurt and 2.65 milliseconds between Paris and Brussels routes.
These new low latency routes obviously are targeted at Europe's major stock exchanges, hedge funds, central banks, market data providers, and financial services companies.
"When it comes to succeeding in the financial markets, technology--including the underpinning network--is what drives competitive advantage. Colt addresses the need to be ahead of the game with its FastNet Ultra Portfolio. We've chosen Infinera for our next generation network, and our new low-latency networks between major financial centers, to give our customers the performance, quality and reliability they expect," said Terry Quigley, Head of Industry Practices at Colt in a release.
By building two new direct fiber routes between London and Frankfurt with Infinera equipment at each end, Colt was able to achieve the new latency levels, a key competitive differentiator to compete for the financial community's business. As an evolution of its FastNet Ultra Portfolio that Colt debuted earlier this year is a response to the financial community's adoption of High Frequency Trading techniques that enable faster trade transaction to happen has driven a new demand for low latency network.
The evolution of Colt's service is part of the larger low latency land rush that's been being led by a number of U.S.-based incumbent (Verizon (NYSE: VZ)) and even competitive providers (Intellifiber, Level 3 (Nasdaq: LVLT), Optimum Lightpath, RCN Metro and XO Communications (OTC BB: XOHO.OB)). In Europe, Colt is getting company from a host of other players, including Level 3 which in July launched its own London to Frankfurt route.
For more:
- see the release here
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