Sidera Networks strengthened its place in the New York/New Jersey financial industry vertical, announcing on Wednesday that NYSE Technologies, the technology division of NYSE Euronext, signed a new contract with the competitive provider.
Under the terms of the new service agreement, Sidera, which has been working with NYSE for over 10 years, will continue to provide them with low latency connectivity for their Secure Financial Transaction Infrastructure (SFTI) network.
NYSE's SFTI is a key asset that provides infrastructure not only to the broader financial community, but also serves as NYSE's hub to connect to other global markets.
With the low latency service market becoming more crowded as a host of other competitive and incumbent providers, including Tata Communications (NYSE: TCL), Verizon (NYSE: VZ), Cross River Fiber, and Lightower Networks expand their offerings in the same markets, getting a contract renewal from a major financial institution like NYSE Euronext is a critical win for Sidera.
Of course, Sidera is not resting on its laurels.
The service provider recently bolstered its low latency offerings by completing an upgrade of its Xtreme Ultra Low Latency Network data centers and exchanges in the New York/New Jersey Metro area. The service provider also has low latency routes to other key financial hubs including Chicago, Toronto, and London.
- see the release
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