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Press Release -- March 14th, 2011
Source: Spread Networks
Tags: Ethernet, Exchange, Expansion, Low Latency, Wavelength

Spread Networks Announces Expansion of Low Latency Wave Service to Newark

Ridgeland, MS – March 14, 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 Newark, 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 165 Halsey St., Newark, NJ, with measured performance below 15.50 milliseconds, the lowest latency of any commercially available wavelength service.

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 in New York and Chicago. The wave service complements Spread Networks’ flagship 13.33 millisecond roundtrip dark fiber network service.

“Spread Networks is dedicated to providing the lowest latency available by creating critical endpoints throughout then burgeoning New Jersey market,” said David Barksdale, CEO of Spread Networks. “By further expanding our route to 165 Halsey Street in Newark, which hosts several premiere data centers and carriers, we can provide our customers with a key access point to New York based exchanges, as well as growing New Jersey data centers.”

With endpoints in Carteret, Secaucus, and Weehawken, NJ, 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. 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

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