Spread Networks, LLC, a privately owned telecommunications provider, today announced the introduction of low latency Ethernet wave services between Chicago, IL and multiple endpoints in NJ.
The Spread Networks® Low Latency Wave service has an SLA of 15.9 milliseconds round-trip between 350 East Cermak Road, Chicago, IL and all endpoints in New Jersey, with measured performance of 15.85 milliseconds.
Spread Networks® Low Latency Wave service is a fully managed and secure point-to-point Ethernet service designed for enterprise customers that value cost effective network diversity without sacrificing latency between Chicago and New Jersey. This service complements Spread Networks® Ultra Low Latency Wave service, which offers a latency SLA of 14.75 milliseconds and measured performance of 14.6 milliseconds, the fastest commercially available service connecting these financial centers. Customers can easily upgrade from the Low Latency Wave to the Ultra Low Latency Wave as needed.
"Spread Networks is dedicated to providing best in class low latency solutions designed specifically to meet the needs of financial market participants," said David Barksdale, CEO of Spread Networks. "With the new Low Latency Wave service, we provide our customers with a range of solutions to balance their need for low latency with their requirements for diversity and cost effective connectivity. Customers can seamlessly upgrade from our Low Latency Wave service to our Ultra Low Latency Wave service as their needs evolve. Only Spread Networks can offer this level of flexibility."
With endpoints in Carteret, Secaucus, Newark, and Weehawken, NJ, Spread Networks® Low Latency Wave service offers ten gigabit wave service, with each customer receiving a dedicated wavelength, so there is no shared bandwidth.
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 on a diverse network. 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 trom the gr built from trom the ground up with the financial community in mind. In addition to its wave services, 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.