Zayo Bandwidth, a regional provider of fiber based bandwidth infrastructure, and a provider of carrier neutral colocation services, announced today that it has deployed a low latency route between major carrier hotels in New York and Chicago.
The route was deployed in order to support algorithmic trading requirements for financial and carrier customers. The network not only provides low latency transmission capabilities, but also physical path diversity from other common carrier long-haul backbone routes.
“Financial transactions, supported by the latest algorithmic trading platforms, are growing to such a degree that millisecond improvements in network speeds are not only a competitive advantage but also maximize profits,” says John Scarano, Zayo Bandwidth president.
The new route enables global banks, financial and commodity exchanges, market data providers, hedge funds and other market participants to deliver market data and execute orders from locations within New York and Chicago including: 111 N Canal St. and 350 East Cermak Rd., both in Chicago to 165 Halsey in New Jersey, and 111 8th Ave. and 60 Hudson St., both located in New York.