June 22, 2010.
ADVA Optical Networking has been certified as a network equipment provider by Spread Networks on the lowest-latency dark fiber network available between New York and Chicago, setting a new standard for trading applications. The network is of strategic importance for firms interested in connecting Chicago with the stock equity exchanges in New York. Financial institutions using the ADVA FSP 3000 Wavelength Division Multiplexing (WDM) low-latency optical transport solution over Spread Networks’ dark fiber will achieve speeds of 13.33 milliseconds on the shortest possible New York-Chicago route.
“ADVA Optical Networking has been a trusted partner for financial institutions globally since our inception more than 15 years ago, and this market represents a significant portion of our global revenue. We understand well the mission-critical network requirements of this market,” said Brian Protiva, chief executive officer at ADVA Optical Networking. “Our relationship with Spread Networks, which delivers fiber connectivity on this critical New York-Chicago trading route, shows the commitment of both companies to bringing increasingly faster networks to the financial marketplace. Our customers seek partners they can trust to deliver today, while remaining committed to the technological innovation needed to ensure their networks remain competitive over time.” Protiva continued, “The combination of Spread Networks’ shorter fiber route and ADVA Optical Networking’s low-latency technology is being well received in the industry, and the first customer deployments along the route have been proceeding well.”
Christoph Glingener, chief technology officer of ADVA Optical Networking added, “ADVA Optical Networking employs a team of highly talented engineers, dedicated to the task of delivering the lowest-latency solutions on the market. Our engineers have shaved microseconds off the transport speeds on this vital route using proprietary techniques that are built into all our systems and continuously refined. We are committed to delivering the most state-of-the-art solutions and partnering with other top-performing providers to create a “low-latency ecosystem” that delivers the most for our customers in financial trading centers around the world.”
According to David Barksdale, chief executive officer of Spread Networks, “ADVA Optical Networking has demonstrated that it is a company capable of providing a solution that meets our customers’ high expectations for low latency and a high quality of service and support. We are pleased to have ADVA Optical Networking as a certified optical equipment provider on our network.”
“In today’s financial marketplace, network speed has become paramount,” said Larry Tabb, founder and chief executive officer of TABB Group. “Financial firms employing the lowest-latency networks have a distinct advantage in managing their quotes, risk and profitability. Simply put, in the new business reality, trading prowess is increasingly being measured in microseconds.”
ADVA Optical Networking’s low-latency solution is built on its flagship FSP 3000 platform, which has been successfully deployed by hundreds of enterprise customers globally. In addition to industry-leading latency, the FSP 3000 also offers protocol flexibility, including InfiniBand and multiple Fibre Channel speeds, as well as 40G and 100G interfaces and third-party SAN qualifications. For more information about the ADVA FSP 3000, please click here.
PR Archives: Latest, By Company, By Date