Source: Hudson Fibre
Hudson Fiber Network (HFN), an exclusive provider of high-bandwidth, low-latency networking solutions, today announced that it has activated two, ultra low latency Fast Path fiber routes connecting financial service customers to North America's top exchanges in New Jersey, Chicago and Toronto.
Focusing on buy-side and sell-side customers in the equity, currency, futures and options markets as well as pre- and post-trade service providers, HFN continues to provide customers with low-latency routes to the primary exchanges in North America.
HFN's Chicago Fast Path travels from 350 Cermak in Chicago, IL to 165 Halsey Street in Newark, NJ; while its Toronto Fast Path travels from 151 Front Street in Toronto, Canada to 165 Halsey Street in Newark, NJ.
"It's a race to zero. Customers are not only seeking to connect to the primary exchanges, but have the necessary infrastructure support they need to deliver increasing data volumes at the lowest latencies possible," said Keith Muller, CEO and founder of Hudson Fiber Network. "HFN understands the changing needs of our financial services customers, so we are constantly evaluating the market and evolving our network design to ensure they get where they need to go, faster."
According to Kevin McPartland, senior analyst at the TABB Group, "North American spending on market connectivity sits at just over $2 billion annually, with 70% of that number coming from the sell-side." In addition, "as trading has become increasingly automated and latency sensitive, the use of traditional market data aggregation platforms has declined in lieu of leased lines which now account for 43% of the connectivity spend."