AboveNet joins Equinix Financial eXchange

Source: AboveNet

AboveNet, a leading provider of fibre optic and IP connectivity solutions for business and carriers, and Equinix (Nasdaq: EQIX), a provider of global data centre services, today announced that AboveNet has joined the Equinix Financial eXchange community in Equinix's London-Slough (LD4) International Business Exchange (IBX) data centre.

AboveNet will provide direct fibre links between Equinix's LD4 and its London City (LD1) IBX centre, facilitating low latency access between the financial market participants operating in each of the centres, as well as other strategic partners and customers located in LD1. The installation builds upon existing AboveNet deployments servicing the Equinix Financial eXchange communities located within Equinix centres in the Chicago, New York and Frankfurt areas.

With speeds of 0.34ms, the new AboveNet service will enable investment firms based at Equinix's LD4 centre to benefit from near-instantaneous access to city-based trading partners, trading venues and data services. It will also provide participants located in the city with low-latency access to Equinix Financial eXchange customers and partners in LD4. The service will include AboveNet's dedicated fibre and managed wavelength offerings, which provide a level of visibility to allow firms to make near immediate adjustments to their electronic trading parameters in response to volatility in the market - thus ensuring they stay ahead of the trading curve.

"In order to minimise network latency resulting in missed trades and loss of profits, AboveNet has partnered with Equinix to provide high capacity, low latency connectivity for today's finance firms," commented Brett Johnson, AboveNet's vice president of business development. "By joining the Equinix Financial eXchange community in London, AboveNet is providing a complete network to enable finance companies to interconnect with trading venues, market data vendors and technology utilities. This network equips them with the responsiveness and agility needed to stay ahead in this highly competitive market," concluded Johnson.

Equinix Financial eXchange is a community of financial market participants that locate operations within Equinix data centres in order to benefit from a high-performance, low latency connectivity infrastructure within a hin a neutral environment. At Equinix, these companies can directly exchange data within the same physical location with strategic partners, customers and vendors, thereby optimising their electronic trading operations. They also have access to a broad range of data centre services and high-performance network connectivity providers, such as AboveNet.

"We're delighted that AboveNet is joining Equinix Financial eXchange," added Eric Schwartz, president of Equinix Europe. "The addition of AboveNet's low latency services will help provide our growing network of financial community members the fastest possible connectivity to trading venues and a critical mass of other financial market participants."

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