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Press Release -- March 24th, 2010
Source: Interoute
Tags: Low Latency, Wavelength

Sweden’s financial trading markets connected to some of the fastest trading speeds in Europe

Published Date:
March 24, 2010

Interoute reduces round trip delay for trading platforms in London, Paris and Sweden as algorithmic traders are attracted to profitable Scandinavian markets

London, 24 March 2010 – Interoute, owner operator of Europe’s largest next-generation network, has completed two extensions to its Fast Trade service, connecting Lyon to Paris and Hamburg to Stockholm, reducing latency between key European trading platforms by 15 per cent.  The extensions will reduce round trip delay between London, Amsterdam and Paris and the rapidly growing financial markets in Scandinavia.

Financial institutions now have more choice than ever before when it comes to choosing which trading platform to list with, as more and more European markets are offering algorithmic trading. Interoute is helping to accelerate this process by improving round trip delay between established and fast growing European trading platforms. Interoute has direct connectivity agreements in place with a number of Europe’s leading financial platforms, including NASDAQ OMX EUROPE (NEURO).

Lee Myall, UK Regional Director at Interoute, said: “Until recently high risk and poor latency restricted financial trading in the Scandinavian regions. The introduction of clearing houses in October 2009 addressed the issue of risk, and now Interoute Fast Trade is helping to reduce the latency between trading platforms. With the recent changes, the Scandinavian trading market is proving to be very attractive to European traders.”

Since launching in August 2009, Interoute has received a surge in demand for its Fast Trade service, which offers ultra low latency connectivity between 28 countries in Europe.  A range of institutions, from large blue-chip banks to small, specialist electronic trading organisations and emerging specialists in high-frequency trading, have signed up for the service.

Fast Trade is a point to point service based on Interoute’s SDHwavelength platforms. When bandwidth is purchased, it is solely dedicated to the financial institution, ensuring that latency does not vary, even during the most volatile trading times.  Equally, the contractual round trip delay of Fast Trade circuits is based on the exact route that the circuit will take and is measured before handover to the nearest 10th of a millisecond. This forms the basis of its premium service level agreement, which allows organisations to cancel if the service level guarantee is breached during contract term.

About Interoute

Interoute is the owner operator of Europe’s most advanced and densely connected voice and data network, encompassing over 55,000 km of lit fibre and 59 data centres. Its full-service next generation network serves international enterprises from a broad range of sectors including aerospace, automotive, finance, pharmaceutical and retail, plus every major European incumbent, as well as the major operators of North America, East and South Asia, governments, universities and research agencies. These organisations find Interoute the ideal partner for hosting content, providing wholesalecorporate connectivity or creating new services. With established operations throughout mainland Europe, North America and Dubai, Interoute also owns and operates dense city networks throughout Europe’s major business centres. More than €1 billion in e-commerce transactions flows through its data centres each day, making Interoute a key part of Europe’s Digital Supply Chain.

PR contacts:

Ruth Jones / Rebecca Gregory / Katie Swan / Lisa Francis
Speed Communications
+44 (0) 20 7842 3200
interoute@speedcommunications.com

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