Spread Networks, LLC, a privately owned telecommunications provider, today announced a new agreement with CFN Services, a managed telecom infrastructure services company, which gives CFN rights to resell Spread Networks' Low Latency Wave Service, effective immediately.
Spread Networks recently announced that it had improved the latency of its Low Latency Wave Service to 14.6msec. CFN can now offer its customers 1G and sub-1G bandwidth services on Spread Networks' Low Latency Wave network. CFN will be the exclusive provider of sub-1G bandwidth on the Spread network.
"Our agreement with CFN Services provides an opportunity to reach a broader customer base than ever before," said David Barksdale, Chief Executive Officer of Spread Networks, "By offering an increased range of bandwidth options, CFN Services will address customers who need less bandwidth but still demand Spread Networks' commitment to industry leading latency and excellent service."
"CFN Services operates a premier delivery platform for market data and trading applications in top liquidity venues around the world. Our customer applications demand the highest performance networks with respect to latency and availability," states Mark Casey, President and CEO of CFN Services. "Adding Spread Networks leading Low Latency Wave Service between New York and Chicago future proofs our platform, ensuring that we will continue to offer best in class latency between those direct markets and their extensions into critical international venues."
CFN's bandwidth services on the Spread network will be offered between Chicago, IL and Spread Networks New Jersey endpoints at Newark, Weehawken, Carteret and Secaucus. With the shortest route between Chicago and New Jersey, the services will continue to provide the lowest latency of any available network service between these financial centers, with the exception of Spread Networks' own dark fiber service.
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.