|
|
Press Releases &
Stat Flashes
Vertical In the News
Industry Events
OnDemand Content
Archives
Press
Releases &
Stat Flashes
Vertical
in the News
|
|
Excerpt:
NTT America Provides Investment Community with Low Latency Data
Connections
Investment Firms, Commodity
Exchanges and Hedge Funds Benefit from Faster Trades Times
BusinessWire
12/1/10
NEW YORK--(BUSINESS
WIRE)--NTT
America, a wholly owned U.S. subsidiary of
NTT Communications Corporation, today announced that it is
supplying major commodity exchanges, investment firms, and hedge
funds with
low latency routes available for transpacific data connections.
NTT America is now offering off-the-shelf services between Chicago
and Tokyo, and New York City and Tokyo, as well as industry leading
service level agreements (SLAs), including some of the lowest
transpacific latency available in the industry. These data routes
have proven critical in the success of
high-frequency trading (HFT) and
algorithmic trading for the financial markets and are available
through NTT America via NTT Communications’
acquisition of Pacific Crossing and the
PC-1 transpacific cable system.
"CME
Group requires the highest level of network services that offer
the lowest latency routes and most stringent SLAs available in order
to meet the real-time demands of our customers around the world,”
said Bryan Durkin, Managing Director and Chief Operating Officer of
CME Group. “Working with NTT Communications will help us to continue
to improve our service offerings by providing our customers
throughout Asia dedicated connections from Tokyo to Chicago.”
"Investment firms, exchanges and commodity
traders have developed some of the most sophisticated high-frequency
trading systems in the world,” said Erin Dunne,
Director of Research Services with Vertical Systems Group. “These
businesses require the lowest latency routes and highest quality
collocation facilities possible to ensure that their thousands, if
not millions, of transactions per second can be executed at the
desired time and strike price. With the infrastructure assets NTT
Communications offers in-house, they are positioned to deliver the
network services these financial firms require.“
Dunne continues, “The CME Group, which operates the Chicago Board of
Trade (CBOT), the Chicago Mercantile Exchange (CME), the New York
Mercantile Exchange (NYMEX) and the Commodity exchange (COMEX), is a
perfect example of such an organization requiring the lowest latency
networks for the benefit of their constituency.”
Complete article at
http://www.businesswire.com/news/home/20101201005448/en/NTT-America-Investment-Community-Latency-Data-Connections
|
|
