Cross River Fiber, a competitive dark fiber provider, is going to build a new dark fiber route to Mahwah, N.J. in an effort to appeal to the state's financial trading community.
Financial trading companies looking for alternative fiber routes will be able to get what the service provider says is "express connectivity" between Mahwah and Carteret, Secaucus and Weehawken, N.J.
What drove the service provider to begin building out this route was the NYSE Euronext's announcement last week to open its data centers to more service providers in an effort it says will "reduce customer costs, increase flexibility and broaden access."
When its telco 'meet-me' rooms in Mahwah are completed in the first quarter of 2013, NYSE Technologies, the manager of the center, will offer customers direct access to area service providers like Cross River Fiber. Serving as a complement to its existing SFTI Optic, IP, Wave and VPN services, customers will be able to deploy direct fiber cross-connects to other collocation partners at this facility.
Vincenzo Clemente, CEO of Cross River Fiber, said in a statement that "Now companies that leverage NYSE's Mahwah data center facilities gain access to our Express Direct network solutions between Mahwah and other key financial services hubs in cities such as Carteret, Secaucus and Weehawken."
Of course, Cross River Fiber is hardly alone in its desires. The service provider will face a slew of competition from both incumbent service providers, including Verizon (NYSE: VZ) and its dedicated financial network, and other competitive players such as Lightower and Sidera Networks, which are also expanding their fiber networks to also appeal to the area's financial community.
For more:
- High Frequency Traders has this post
- see the NYSE Euronext release
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