Hibernia Atlantic's GFN establishes link into Toronto Stock Exchange

Hibernia Atlantic, through its Global Financial Network (GFN), is tapping into the Canadian financial market's desire for low latency services with connections into the Toronto Stock Exchange, TSX Venture Exchange and the Montreal Exchange.

Through Hibernia's network expansion, Toronto financial trading houses will be able to get direct connections from the TSX to a number of key financial hubs in the U.S., Canada and Europe, including the New Jersey metro area such as Carteret, Weehawken, Secaucus and Newark, as well as Chicago, Slough, 11 Hanbury, and Telehouse in London and Frankfurt.

While Hibernia Atlantic is not the first service provider to create a dedicated low latency network link, the new GFN connection will still resonate with Canadian financial customers that desire an alternative network provider to connect to the UK and Europe.

Leveraging a 24,000 km fiber-based network foundation, the GFN currently has over 100 points of presence in North America and Europe. For those financial customers that want an ultra low latency connection, Hibernia is now offering a 10ms Round Trip Delay connection from Toronto to Newark/NJ Metro.

Overall, the low latency market continues to heat up. Joining Hibernia's GFN are a host of incumbent (Verizon) and even competitive providers (Intellifiber, Level 3, Optimum Lightpath, RCN Metro and XO Communications) have all launched some low-latency service targeted at financial firms.

For more:
- see the release here

Related articles:
XO, Hibernia enter long-haul network pact
Comptel 2010: XO plays international network matchmaker
Level 3 drives down latency for financial centers