NEW YORK & CHICAGO--(BUSINESS WIRE)--Anova Technologies, a global provider of exchange connectivity, is pleased to announce the launch of its ultra-low latency 40Gbps lit fiber service for the financial industry. And while other 40Gbps fiber offerings currently exist, they typically exhibit 30-40% higher latency than their 10Gbps lit services counterparts.
“Obviously, 40GIG lit services have been around for quite some time. However, we never wanted to release it because it just wasn’t up to par in terms of latency. You’d see other carriers try to play games by showing an operational latency that looked to be in line with a 10Gbps circuit but then when you saw the SLA it was clear there was a ton of overhead. Conversely, we spent the better part of this last year to create, customize and test an end-to-end platform that can deliver our 40GIG solution at the same latency as our 10GIG services, both from an operational and SLA perspective. We think that’s incredibly novel and thus, very interesting to our clients,” stated Mike Persico, founder and CEO of Anova Technologies.
As financial markets become more real-time, more products are made available to investors and more exchanges are created, the requirement for higher capacity circuits has increased. Market data from a disparate set of liquidity centers needs to be moved across different regions in order to keep an accurate and up-to-date order book. However, none of it can be done at the expense of latency, which is the core problem of competitive solutions.
“It was also important to us to light up all of the exchanges; there’s just not as much value in a limited solution. So, to that end, we’re offering this ULL 40Gbps services between the equity triangle in New Jersey – NASDAQ, NYSE and BATS – as well as between CME and ICE. This gives a customer the ability to migrate their entire exchange-to-exchange communications networks over to our platform,” explained Kieran Athy, CTO of Anova Technologies.
Anova’s “same latency as 10GIG” 40Gbps platform is available now and in use by some of the world’s most active market participants.
About Anova Technologies
Anova Technologies is the preeminent provider and innovator in transport and hardware to the electronic trading space. Since its inception in 2009, Anova has pioneered the deployment methodology for millimeter wave point-to-point networks, is the sole provider of long distance hybrid lasercom connectivity, patented and deployed endpoint termination devices and been honored with multiple awards and media coverage. Firms of all types and sizes rely on Anova’s networks to deliver ultra-low latency, near perfect availability, and scalable capacity. http://www.anova-tech.com