The steady stream of bandwidth and managed data contracts serving the financial community just seems endless nowadays, but when it's hot it's hot!
Savvis (news, filings) [a subsidiary of CenturyLink (NYSE:CTL, news, filings)] announced this morning that they will be providing strategic elements of the hosting infrastructure for Thomson Reuters Elektron, an ultra-high speed network and hosting environment aimed at traders. Savvis has already built out the infrastructure supporting Elektron within its New York, Chicago, London, Tokyo, Singapore, Frankfurt and Hong Kong facilities. For Savvis, the troubles in the financial sector over the prior couple of years were painful due to their focus on that vertical, but the rise of high frequency trading this year has surely been a very welcome part of the recovery.
Meanwhile, Verizon (NYSE:VZ, news, filings) Business has added Fixnetix trading and data services to the Verizon Financial Network. We hear a lot from the nextgen operators when it comes to low latency and high frequency trading, but of course Verizon is always a very big part of that picture. In fact they still have one of the lowest latency NYC/Chicago routes available, albeit via older fiber. The new interconnect agreement with Fixnetix will allow their customers to access on-demand financial data directly within their low latency environment.
Hibernia Atlantic won yet another Chicago-Frankfurt networking deal, this time with ACTIV Financial. The managed market data provider has chosen Hibernia's Global Financial Network for Ethernet service between the two cities. Substantial physical diversity on the Chicago to Frankfurt route is something Hibernia's network is especially good at, and there will probably be more such deals as the financial sector continues to put together its next generation trading platforms.