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Press Release -- February 28th, 2011
Source: Spread Networks, Savvis
Tags: Ethernet, Exchange, Expansion, Low Latency, Wavelength

Spread Networks Announces Expansion of Low Latency Wave Service to Weehawken

Ridgeland, MS – February 28, 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 Weehawken, 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 300 Boulevard East, Weehawken, NJ, with measured performance below 15.50 milliseconds, the lowest latency of any commercially available wavelength service.

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.  The wave service complements Spread Networks’ flagship 13.33 millisecond roundtrip dark fiber network service, which connects America’s two largest financial centers.

“New Jersey is rapidly becoming a hub for many financial services companies who have traditionally conducted their business on Wall Street,” said David Barksdale, CEO of Spread Networks. “In order to meet this increased demand, we have made it our priority to provide the lowest latency connectivity from Chicago to multiple locations in New Jersey.  The Weehawken extension provides an opportunity for us to demonstrate our dedication to providing a premium service to our current and future clients.”

The new route ends at Savvis, Inc. in Weehawken, a global leader in cloud infrastructure and hosted IT solutions for enterprises.  With nearly 2,500 unique clients, including 32 of the top 100 companies in the Fortune 500, Savvis helps to reduce capital expense, improve service levels and harness the latest advances in cloud computing.

“Savvis’ NJ2 is the premier multi asset-class financial services data center complex, currently hosting the matching engines of two of the top four U.S. equities exchanges, five of the nine largest equity dark pools, FX electronic communication networks (ECN) and a range of alternative trading venues,” said Varghese Thomas, global head of financial services at Savvis.  “With numerous financial firms and solutions providers leveraging the facility for their infrastructure needs, a rich and vibrant trading ecosystem is available to customers in these and other Savvis facilities.”

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, with endpoints in Secaucus, NJ and Carteret, NJ.

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.

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