Hibernia Atlantic, the only diverse trans-Atlantic submarine transport cable provider, today announced that IPC Network Services has joined Hibernia's Global Financial Network (GFN).
Hibernia Atlantic is a privately held, U.S.-owned, trans-Atlantic submarine and terrestrial cable network with more than 55 redundant network Points of Presence throughout Canada, the U.S., U.K. and Europe. The GFN was specifically created by Hibernia to meet the demanding performance and reliability requirements of the financial community. IPC is a leading provider of indispensable financial trading solutions for global enterprises.
The GFN is layered over Hibernia's diverse footprint in key financial cities, including Toronto, Montreal, Chicago, Boston, Philadelphia, Weehawken and Newark (N.J.), White Plains (N.Y.), New York, Reading (Pa.) and London. The dedicated POS connection it offers is secure, reliable and guaranteed for each customer.
IPC has purchased circuits on Hibernia's network to directly connect into the GFN from a carrier access hotel in the New York area to a financial exchange in Ashburn, Va. Joe Hilt, Vice President of Sales and Marketing for Hibernia Metro, said, "We are providing IPC with guaranteed speed and accuracy. Hibernia's network lets the GFN provide the fast, active service, low-latency and high-performance solution our financial clients have been asking for. Rapid provisioning and diversity are just some of the buying benefits."
"Electronic trading is driving the need for reliable, higher-speed connectivity between financial companies," said IPC Network Services Senior Product Manager Peter Meroni. "We are delighted to work with Hibernia to provide high-speed access to our customer sites in the major financial cities. This infrastructure will support our low-latency Ethernet Connection Service, in addition to our On-Net Trader Voice services."
The GFN network is engineered for high speed and improved delivery of financial data, allowing customers to enjoy its full range of services and support. A single connection to the GFN gains access to more than 750 global banks, financial exchanges and trading platforms. This is only the beginning, as additional GFN network sites are currently under construction.