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Press Release -- January 12th, 2011
Source: Hibernia Networks
Tags: Datacenter, Ethernet, Exchange, Low Latency, Submarine Cable, Video, Wavelength

HIBERNIA ATLANTIC FURTHER REDUCES LATENCY ACROSS ITS GLOBAL FINANCIAL NETWORK (GFN)

Key Points Include:

  • Major financial routes on Hibernia’s Global Financial Network (GFN) have further reduced latencies, including New Jersey to Toronto which is now as fast as an estimated 9.5 milliseconds, as well as routes in and around the New Jersey metro area
  • These improved speeds will further enhance long-haul networks reaching Chicago, Toronto, London and Frankfurt
  • These lowest latency routes are imperative for high frequency traders and financial firms that conduct thousands of trades per minute

SUMMIT, NJ & DUBLIN, IRELAND - January 12, 2010- Hibernia Atlantic, the only diverse transatlantic high bandwidth connectivity provider, announces today that it has further reduced latency across key financial routes on its Global Financial Network (GFN). These ultra low latency routes offer distinct competitive advantages to high frequency traders and financial firms that conduct thousands of trades per minute to maximize results. Major GFN financial routes such as from New Jersey to Toronto are now marked by speeds as fast as 9.5 millisecond round trip delay.  Hibernia Atlantic also further improved latency on routes in and around the New Jersey metro area to ultimately connect to long-haul networks reaching Chicago, Toronto, London and Frankfurt.

Engineered specifically to connect global financial markets, the GFN offers secure and diverse transatlantic low latency connectivity. With over 24,000 kilometers of fiber optic cable, the GFN connects financial Exchanges, carrier hotels, and data centers such as 755 Secaucus Rd., 165 Halsey and 300 Blvd. East in New Jersey to market data firms and Exchanges in Toronto, Canada with short, direct routes.

“Our team is continuously on the cutting edge of faster technologies and continuously leveraging shorter routes to further advance our Global Financial Network,” states Eric Gutshall , EVP of Sales and Marketing of Hibernia Atlantic. “Today's traders must capitalize on microsecond improvements in their networks in order to be faster than their competitors and the GFN was designed to offer them this advantage. Coupled with our latest announcement, Project Express, we are even better positioned to meet the demanding requirements from brokers, financial firms, Exchanges and market data providers.”

Hibernia Atlantic recently announced that it will build Project Express, the lowest latency transatlantic connection from New York to London with sub 60-millisecond speed. This new build will be completed in the summer of 2012; a map of the build is here: http://www.hiberniagfn.com/documents/ProjectExpress_Map.pdf.

For more information, please email sales@hiberniaatlantic.com.

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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.

For Hibernia Atlantic company inquiries, please contact Melissa Butler at +1.908.988.1990 or melissa.butler@hiberniaatlantic.com.

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, mainland Europe and the Pacific Rim. For more information, please visit www.hiberniagfn.com.

For Hibernia Atlantic media inquiries, please contact:

Jaymie Scotto & Associates

+1.866.695.3629

pr@jaymiescotto.com

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