AlgoSpan Ltd. has set up faster low latency trade routes between London and Frankfurt and between London and Stockholm to serve the demands of automated trading firms, according to today’s release.
AlgoSpan links London to Frankfurt with a one-way latency of 4.324 milliseconds and from London to Stockholm in 11.045 milliseconds, delivering some of the fastest routes on the market for low-latency traders, according to the company.
The upgrade, which improves the low-latency routes on its market access platform (AlgoNet, provides faster access to Equinix FR2 International Business Exchange data center in Frankfurt and Nasdaq OMX’s data center in Stockholm from its network hub at Interxion LON1 in London. Nasdaq OMX Nordic markets include Copenhagen, Helsinki, Iceland, Riga, Stockholm, Tallin and Vilnius.
The decision to improve connectivity to Frankfurt and Stockholm allows AlgoSpan to continue to meet the demands of customers needing to access venues such as NASDAQ OMX, Deutsche Borse’s cash equity market Xetra and the German derivatives market Eurex, in addition to other AlgoNet markets across Europe. Connectivity services deliver pre-installed capacity on a platform dedicated exclusively to the needs of the financial community and optimized for high-frequency/low latency traders.
The network (AlgoNet) underpins the firm’s market data solution (AlgoData). The enhancement of the trade route is in line with its strategy is to provide unrivalled proprietary ‘shortest path’ optical fiber infrastructure for its multicast normalized and raw exchange market data – cited by customers as the lowest latency data service on the market, the company contends. “We are committed to delivering leading low latency solutions to our customers and responding to the ever-increasing connectivity demands remains a key part of our ‘shortest path’ strategy,” stated Robert Bicket, CEOat AlgoSpan. “We are always seeking to invest in new routes and upgrade our infrastructure to provide our customers with a competitive speed advantage that enables them to improve business performance.” AlgoSpa’s Market Access Platform provides fully managed and resilient exchange connectivity for direct access to major equity and derivative markets. It delivers guaranteed round trip access – high capacity routes focused on latency, the latest generation equipment and network management that eliminates any ‘invisible’ sources of latency, according to the company.
Ivy is Editor-at-Large for Advanced Trading and Wall Street & Technology. Ivy is responsible for writing in-depth feature articles, daily blogs and news articles with a focus on automated trading in the capital markets. As an industry expert, Ivy has reported on a myriad ... View Full Bio