ACTIV Financial selects Hibernia Atlantic's GFN for low latency - Lightwave

ACTIV Financial selects Hibernia Atlantic's GFN for low latency

JUNE 23, 2010 -- ACTIV Financial, a global provider of managed low-latency market data solutions, has selected Hibernia Atlantic's Global Financial Network (GFN) for Ethernet between Frankfurt and Chicago.

ACTIV chose Hibernia's GFN high-speed connectivity platform because of its rapid delivery coupled with secure route diversity, commercial flexibility, and unmatched provisioning time to install.
The Hibernia GFN assists ACTIV in minimizing its latency while increasing its global footprint of ultra-low latency market data from every major market worldwide, says a spokesperson. ACTIV’s managed, low-latency, and high-volume market data services are used by more than 350 customers, including top liquidity market makers, hedge funds, banks, brokers, and trading systems. The company manages more than 130 feed handlers deployed in ACTIV’s 20 data centers on five continents.

“With GFN’s connectivity between Frankfurt and Chicago we’re able to provide rapid deployment of low latency and high quality connections that our customers around the globe have grown to depend on,” states Steve McNeany, CEO of ACTIV Financial.
With over 100 points of presence throughout North America and Europe, Hibernia's GFN is built upon 24,000 kilometers of fiber-optic cable ensuring maximum reach across key financial markets, such as between Frankfurt and Chicago. The GFN was built to meet the demanding performance requirements of the financial community.
 “Hibernia understands the high-volume, high-frequency trading marketplace and knows market data rates continue to rise adding a strain on networks where down time especially around new installation is not tolerable,” states Bjarni Thorvardarson, CEO of Hibernia Atlantic.  “Our low-latency routes coupled with quick deployment timeframes are key for companies such as ACTIV who strive to deliver high-performance, flexible options to their clients as fast as possible.”

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