Spread Networks Announces Expansion of Low Latency Wave Service to Weehawken
Ridgeland, MS - February 28, 2011 - Spread
Networks, LLC, a privately owned telecommunications provider, today
announced the expansion of its low latency Ethernet wave service
between Chicago, IL and New Jersey, adding Weehawken, NJ as a new
endpoint. The low latency Ethernet service has an SLA of 15.75
milliseconds round-trip between 350 East Cermak Road, Chicago, IL,
and 300 Boulevard East, Weehawken, NJ, with measured performance
below 15.50 milliseconds, the lowest latency of any commercially
available wavelength service.
Spread Networks' low latency service offers one and ten gigabit
wave service, with each customer receiving a dedicated wavelength,
so there is no shared bandwidth. The wave service complements
Spread Networks' flagship
13.33 millisecond roundtrip dark fiber network service, which
connects America's two largest financial centers.
"New Jersey is rapidly becoming a hub for many financial services
companies who have traditionally conducted their business on Wall
Street," said David Barksdale, CEO of Spread Networks. "In order to
meet this increased demand, we have made it our priority to provide
the lowest latency connectivity from Chicago to multiple locations
in New Jersey. The Weehawken extension provides an opportunity for
us to demonstrate our dedication to providing a premium service to
our current and future clients."
The new route ends at Savvis, Inc. in Weehawken, a global leader
in cloud infrastructure and hosted IT solutions for enterprises.
With nearly 2,500 unique clients, including 32 of the top 100
companies in the Fortune 500, Savvis helps to reduce capital
expense, improve service levels and harness the latest advances in
cloud computing.
"Savvis' NJ2 is the premier multi asset-class financial services
data center complex, currently hosting the matching engines of two
of the top four U.S. equities exchanges, five of the nine largest
equity dark pools, FX electronic communication networks (ECN) and a
range of alternative trading venues," said Varghese Thomas, global
head of financial services at Savvis. "With numerous financial
firms and solutions providers leveraging the facility for their
infrastructure needs, a rich and vibrant trading ecosystem is
available to customers in these and other Savvis facilities."
Spread Networks' low latency wave service is a fully managed and
secure point-to-point Ethernet service designed for enterprise
customers that value low latency connectivity between the nation's
largest financial centers, with endpoints in Secaucus, NJ and
Carteret, NJ.
In addition to electronic trading firms, this service is ideal for
brokers, market data vendors, exchanges, ECN and alternative
trading systems (ATS) that value low latency. The network is
monitored by a dedicated customer service team and backed by a
competitive service level agreement.
Spread Networks' fiber network was built from the ground up with
the financial community in mind. In addition to its wave service,
Spread Networks offers its flagship private dark fiber service that
is the benchmark for ultra low latency connecting New York and
Chicago in under 13.33 milliseconds roundtrip. To build this
network, Spread Networks literally trenched a long-haul route on
the shortest possible path connecting these two financial
centers.
About Spread Networks
Spread Networks, a privately own telecommunications provider,
built a new fiber network from the ground up, connecting New York
and Chicago to set a new standard for latency. Without the drag of
traditional telecommunications offerings, Spread Networks provides
its customers with a state-of-the-art diverse and secure fiber
optic network to allow data to run as close as possible to the true
speed of light through fiber. www.spreadnetworks.com
Contact:
media@spreadnetworks.com