TO CELEBRATE HIBERNIA’S ULTRA LOW LATENCY CONNECTIVITY, THE GFN WILL OPEN TRADING ON SEPTEMBER 30TH
SUMMIT, NJ & DUBLIN, IRELAND – September 29, 2010- Hibernia Atlantic, the diverse transAtlantic high bandwidth connectivity provider, announces today that Hibernia’s low latency Global Financial Network (GFN) will now directly connect to Toronto Stock Exchange, TSX Venture Exchange and the Montreal Exchange, all located in the TMX primary data centre. To celebrate Hibernia’s ultra low latency connectivity, the GFN management team will be at Toronto Stock Exchange tomorrow to open the market.
This network expansion offers secure, direct connections from the TSX into key financial cities throughout the United States, Canada and Europe, including the New Jersey metro area, such as Carteret, Weehawken, Secaucus and Newark, as well as Chicago, Slough, 11 Hanbury, and Telehouse in London and Frankfurt. Unlike other traditional submarine and terrestrial fiber cables, Hibernia GFN’s diverse, low latency capacity can link from Canada directly into the UK and Europe, bypassing New York City and the U.S. entirely. This is a boon for financial companies that require fast and reliable capacity for automated trading.
Built upon 24,000 kilometers of fiber optic cable, the GFN, specifically engineered for the financial sector, has over 100 points of presence throughout North America and Europe. With ultra low latency routes such as sub 10ms Round Trip Delay (RTD) from Toronto to Newark/NJ Metro, Hibernia GFN offers some of the fastest financial routes in the marketplace.
“Hibernia’s innovative GFN enables traders, buy-side, sell-side and exchanges to execute trades faster and more efficiently,” states Bjarni Thorvardarson, CEO of Hibernia Atlantic. “The GFN specializes in delivering high performance networks to the global financial community; this includes ultra low latency routes for fast data delivery and secure and diverse back-up routes in the event of an emergency. Our 24/7 Network Operating Centers located around the globe ensures our customers receive top quality service, all the time.”
Further driving competitive advantages to the financial community, Hibernia Atlantic guarantees rapid installation and network deployment within a 5-day timeframe or one month free, along with guaranteed latency Service Level Agreements.
For more information, please visit www.hiberniagfn.com.
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About Hibernia Atlantic’s GFN:
Hibernia Atlantic’s Global Financial Network (GFN) is a financial exchange connectivity division of Hibernia Atlantic, the Trans-Atlantic, high-bandwidth, connectivity provider. Built on over 24,000 kilometers of network, GFN connects the world’s largest exchanges’ datacenters to its direct participants through secure and diverse dedicated, high bandwidth, ultra low-latency Ethernet and optical-level service from 1-GigE, 10-GigE, LanPhy wavelengths and traditional SONET/SDH services. Utilizing the Hibernia Atlantic diverse and secure backbone, GFN offers world-leading broker dealers, hedge funds, market data providers and other financial firms over 100 Points of Presence (PoPs) into key capital market cities in the US, Canada, UK, France, Germany, Ireland and mainland Europe. For more information, please visit www.hiberniagfn.com
About Hibernia Atlantic:
Hibernia Atlantic is the only American-owned, diverse transAtlantic high bandwidth connectivity provider. Hibernia is a subsidiary of Columbia Ventures Corporation (CVC) and owned by both CVC and Constellation Ventures Partners. It is a transAtlantic submarine cable and terrestrial fiber network that offers over 100 redundant network Points of Presence (PoPs) throughout Canada, US, UK, and mainland Europe on over 24,000 kilometers of network. Hibernia provides secure and diverse dedicated Ethernet, DTM and optical-level service up to GigE, 10G and LanPhy wavelengths and traditional SONET/SDH services. In addition, Hibernia offers wholesale capacity prices, unparalleled support, flexibility and service. Hibernia Atlantic owns Hibernia Media , which operates in 20 European and North American markets and represents the largest, national, state-of-the-art optical switching and Dynamic Transport Mode (DTM) network. Hibernia Media offers a full range of services to customers who generate and manage multi-media content. For more information on Hibernia Atlantic’s cutting-edge network or to view their communication video, please visit www.hiberniaatlantic.com. For further information on Hibernia Media, please visit www.hiberniamedia.com.
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