AboveNet, a leading provider of fibre optic connectivity solutions for business and carriers, today announced an agreement with multilateral trading facility Chi-X Europe.
This agreement will provide financial institutions with ultra-low latency connectivity and proximity hosting for accessing Chi-X Europe's market data and trading platform services.
AboveNet has strategically located its core wavelength infrastructure within a key London data centre close to Chi-X Europe's trading engine. This dedicated proximity-hosting environment enables sub-millisecond latencies when connecting to the Chi-X Europe platform via a single connection. By using AboveNet's scalable and secure fibre-based wavelength infrastructure for core connectivity, financial institutions can implement a secure, high capacity network that is well equipped to support the volume of high speed trades executed per second.
Commenting on the announcement, Hirander Misra, COO of Chi-X Europe said: "Through our streamlined business model, institutional investors are able to trade a wide range of European equities and achieve low-cost, high-speed trade execution, offering opportunities for price improvement. We are pleased to welcome AboveNet connectivity for our growing roster of Chi-X users."
John Donaldson, managing director at AboveNet, commented: "The durability and capacity of our network will offer clients near-zero latency and the highest levels of security and reliability. We are well positioned to handle the volume of data Chi-X Europe is currently generating and our fully scalable capacity can readily anticipate Chi-X Europe's future growth."