Interoute Fast Trade service speeds up the future of financial trading

New service launched by Interoute guarantees ultra low round trip delay on algorithmic trading 

 

 

London, 5th August 2009 - Interoute, owner operator of Europe's largest next-generation network, has announced the launch of Interoute Fast Trade, a high quality bandwidth service designed specifically for finance customers who require low latency and dedicated bandwidth. Interoute Fast Trade takes the fastest most direct route between the 24 countries in Europe, giving customers in the financial sector an edge over their competitors where speed of trades is a key factor.  Taking advantage of Interoute's pan European fibre optic data network, Interoute Fast Trade guarantees round trip delay times, such as London to Frankfurt for as little as 10.8 milliseconds. 

 

Financial trading is increasingly dependent on algorithmic trading or high frequency trading, where algorithms are automatically set to buy and sell if shares rise or drop to a certain price.  As even a fraction of a millisecond can have a significant impact on success, it is imperative that financial institutions have the fastest connection available. The Interoute Fast Trade service has already received orders from six major European banks.  

 

The Fast Trade service runs over Interoute's network which covers nine Equinix exchanges* and 200 points of presence (PoPs), guaranteeing a high level of bandwidth and low latency in 24 countries. The purchased circuits provide bandwidth that is dedicated entirely to the customer and Interoute guarantees that these will not be re-routed at any point during the contract, to ensure that latency does not vary.  

 

Matthew Finnie, CTO Interoute, commented: "For financial trading speed isn't the only thing, it's everything. The ability to shave a millisecond of time off the round trip delay can be the difference between losing or winning a deal. Interoute Fast Trade provides a guaranteed low level latency, making it an ideal solution for any financial business looking for fast reliable bandwidth." 

 

 Interoute offers customers fully provisioned test circuits for any route to demonstrate and measure the round trip delay of the circuit before ordering. This provides the basis of its premium service level agreement (SLA) which allows the customer to cancel if the service level guarantee is breached during the contract term.

 

 

FastTrade offers the option of circuit protection as well as different pricing options.  

*The Equinix exchanges include, DU1, FR1, FR2, GV1, LD1, PA2, PA1, ZH1, ZH2 

 

 

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About Interoute

Interoute is the owner operator of Europe's most advanced and densely connected voice and data network, encompassing over 57,000 kms of lit fibre and 59 data centres. Its full-service next generation network serves more than 12,000 customers across a broad range of sectors from finance to retail and every major European incumbent, as well as the major operators of North America, East and South Asia, governments, universities and research agencies. These organisations find Interoute the ideal partner for hosting content, providing wholesale transit services, corporate access or creating new services. With established operations throughout mainland Europe, North America and Dubai Interoute also owns and operates dense city networks throughout Europe's major business centres. More than €1 billion in e-commerce transactions flows through its data centres each day, making Interoute a key part of Europe's Digital Supply Chain. www.interoute.com