This summer's surprise fiber build Spread Networks unveiled a low latency Ethernet wave service between New York and Chicago yesterday. At just 15.75ms, the offering is easily the lowest commercially available wavelength in the game right now, but doesn't yet bring things down to the 13.33ms range that had been highlighted over the summer. Still, it's probably a full millisecond faster than competing routes from Level 3, Intellifiber, and others.
This particular route actually terminates at the NASDAQ facility in Carteret over in New Jersey, about 20 miles from the main Manhattan locations. Spread Networks actually trenched a brand new fiber route to Chicago specifically for the financial vertical, which tells you just how much money is out behind high frequency trading. At about 825 miles, it cut more than 100 miles off of existing longhaul routes, but I can't help but wonder just what it cost to optimize for distance at the expense of, say, rights of way.
Until recently, this was the only route on which there was enough interest to drive such a project. But now perhaps we can add Hibernia Atlantic's proposed new transatlantic cable route to that list, as they are clearly counting on a similar top dog status when it comes to latency on the NYC-London route. Perhaps soon to follow will be a new build on the London-Frankfurt route?