Anova Technologies said it will speed up the fiber network span between 300 Blvd East in Weehawken, NJ and 111 8th Ave. in New York City at the end of the month, connecting two of the largest equity exchanges, BATS and NYSE, located there.
Anova is a specialized customer fiber and low-latency network provider, focusing exclusively on HFT and algorithmic trading clients.
This mission critical corridor, with SLAs (service level agreements) tightly tied to leading-edge latencies, will be 25 percent faster than all current and existing routes; a reduction verifiable via Anova’s advanced OTDR and RFC 2544 testing, the company said.
“We’ve exclusively secured the shortest physical distance between these two POPs,” commented Michael Persico, CEO and founder of Anova Technologies in the company’s release today. Our exclusive focus on this area is why we consistently deliver competitive advantages to our clients in their pursuit of zero latency.”
The New Jersey metro area, with its multitude of equities, futures, FX and cash exchanges, is a veritable hotbed of algorithmic activity. Given the disparate location of each respective electronic matching engine, securing the fastest exchange-to-exchange connectivity becomes a tactic of paramount importance in the low latency arms race. Today’s advanced execution systems are literally calibrated to take advantage of nanoseconds, something Anova excels at providing, stated the company in its release.
Kieran Athy, the new CTO of Anova Technologies continued, “Zero latency is what fuels our engineering mandate to constantly innovate and advance technology… basically score wins with faster and faster trading routes.
This path between two of the world’s largest financial liquidity centers is scheduled to go live September 8, 2011.