AboveNet UK marks 10 years of success delivering services to finance industry

London - 27 July 2009

AboveNet Communications UK Ltd, has marked its tenth anniversary with an announcement that it will grow connectivity by adding a record number of buildings to its dedicated London fibre network during the coming year. With direct connections into a significant number of key buildings across the capital, AboveNet offers connectivity to 30 major data centre and co-location facilities, as well as leading exchanges, MTFs, brokers and investment houses.

Recent key developments for AboveNet in London include joining the Equinix Financial exchange community to enhance connectivity between Equinix's Slough-based data centre and its City operations; providing an ultra-low latency, highly resilient fibre solution for BATS Europe, and delivering ultra-low latency connectivity and proximity hosting for organisations needing to access Chi-X Europe's market data and trading platform services.

"Over the last decade AboveNet's dedicated fibre optic networking solution has grown to become the de facto standard for financial services organisations demanding the highest levels of connectivity, ultra-low latency performance, resilience and security," commented John Donaldson, AboveNet's UK Managing Director. "Whether you're the London Stock Exchange or a new MTF like Chi-X or BATS wanting to enhance accessibility, a prime broker looking to send order flow to more competitive markets, or an asset manager needing to access continuous streams of global market data, today's financial services connectivity imperatives require ultra-low latency, unquestionable reliability, the highest levels of security and complete flexibility. That's why eight out of ten of London's largest financial institutions are already taking advantage of our high-bandwidth, dedicated fibre solution. That's also why we're continuing to invest in the future of our network as we extend our infrastructure to reach new financial services centres such as Basildon, and make sure we can offer our customers the fastest direct routes between key financial locations."

According to Donaldson: "new trading patterns and market entrants, as well as the growth in alternative trading strategies through automated and algorithmic engines, all mean that ultra-low latency performance has become a pre-requisite for today's financial services firms - it's no longer just a competitive advantage. The good news, however, is that all the performance, security and reliability benefits of a dedicated fibre network are no longer the sole preserve of the major firms, as AboveNet now offers private fibre optic solutions that are cost-competitive with traditional networks."

Ten years as a leading fibre optic provider in London has given AboveNet the experience and the infrastructure to continue to grow with the expanding market. The company offers an unrivalled high-performance fibre footprint, extending from Basildon and Docklands in the East, through the City and West End, out to Slough and Heathrow in the West, linking all of London's major financial districts.

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