Spread Networks establishes low-latency presence in Equinix's New York IBX

Spread Networks is bringing its low-latency fiber Metropolitan Dark Fiber Network to Equinix's (Nasdaq: EQIX) New York (NY4) International Business Exchange (IBX) data center in Secaucus, N.J.

Having what it claims is the lowest latency network route between the coveted New York to Chicago financial trading sectors, Spread's new Low Latency Metropolitan Dark Fiber Network complements that route with a managed and secure point-to-point service--a growing requirement of financial trading companies.

Customers that sign up for the new service will get a dedicated fiber pair on the new fiber network that will allow them to light as many wavelengths as they need. They can then use the route for metro-New Jersey-only communications to gain a short path between Carteret and Secaucus or combine with Spread's Chicago to Carteret route to get the shortest route from Chicago to Secaucus.

The advent of Spread's new low latency routes illustrates a growing movement by the financial industry to take latency out of their respective trading routes as they take advantage of new trading algorithms. While speed is certainly important, a single millisecond of latency by some estimates could either mean a financial customer could either make or lose money, so these companies are pushing traditional and upstart carriers like Spread to provide low latency services.   

For more:
- see the release

Related articles:
Spread Networks complements low latency network with colocation services
Spread Networks offers up 15.75 msec wavelength service
Spread Networks tightens up latency along Chicago to New York route
Life, liberty, and the pursuit of low latency
RCN Metro targets Toronto's financial market
Verizon answers Europe financial markets' low latency call


Like this story? Subscribe to FierceTelecom!

The Telecom industry is an ever-changing world where big ideas come along daily. Our subscribers rely on FierceTelecom as their must-read source for the latest news, analysis and data on the intersection of telecom and media. Sign up today to get telecom news and updates delivered to your inbox and read on the go.

Suggested Articles

Flume has launched with the goal of providing fast, affordable internet connections to at least 600,000 low-income residents in New York City.

Comcast announced that its Comcast RISE program is providing more than 700 Black-owned businesses support including technology upgrades.

IBM is planning to cull about 10,000 jobs in Europe in order to lower costs ahead of its split into two businesses.