In another sign that the desire for ultra-low latency connections is spreading beyond the major hubs of New York, Chicago, London, and Frankfurt, Hibernia Atlantic today announced the direct connection of its Global Financial Network to several exchanges up in Canada. The Toronto Stock Exchange, TSX Venture Exchange and the Montreal Exchange, all of which are located in the TMX primary data centre in Toronto. That means of course that they get to ring the bell up or whatever they do up north to open the market for trading today.
Amongst the selling points for Hibernia’s Toronto connectivity are sub-10ms round trip delay to major financial markets in New York City and the ability to route traffic between Toronto and European markets without passing through New York. I wonder if that gives them lower latency on that Toronto-London route than others. Their transatlantic cable does have one leg jumping off via Boston and through Halifax on that northern route to Dublin, which they quote as sub-65ms RTD.
Just how much low latency business there is yet up in Toronto I have no idea, but clearly providers are hoping that the desire for such services continues to spread.
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