Spread Networks Collaborates with Endace to Provide Real Time Measurements of Low Latency Wave Service

Ridgeland, MS and Chantilly, VA – November 23, 2010

Spread Networks, LLC, a privately owned telecommunications provider, today announced a relationship with Endace, a world leader in high-speed network traffic capture, and analysis, to provide microsecond-accurate latency measurements for Spread Networks’ low latency wave service, effective immediately.

Spread Networks low latency wave service offers one and ten gigabit waves connecting Chicago and New York, at a guaranteed round-trip latency of 15.75 milliseconds. To provide unparalleled latency transparency Spread Networks has joined forces with Endace, the leader in packet capture and timestamping. Spread Networks will display real-time measurements of its low latency wave service on its web site, using the latency monitoring capability provided by Endace.

“Spread Networks was built from the ground up to provide customers ultra low latency connectivity between America’s two largest financial centers. We are fully committed to providing our customers the utmost in speed, diversity and reliability. By working closely with Endace we are providing an accurate and independent measurement of the latency across our wavelength service,” said W. Brennan Carley, SVP Product Marketing, Spread Networks. “The latency reduction achieved through our network is a cornerstone of our service offering, which is why we have chosen to work with Endace’s proven technology to ensure that the end to end accuracy of the latency measurement is better than one microsecond.”

Kevin Formby, VP Business Development, Endace said “We’re delighted to be collaborating with Spread Networks on this initiative. Latency information is a critical input into modern trading strategies and to this point, service providers have struggled to provide the accuracy that High Frequency Traders are demanding. With highly accurate packet capture and timestamping capabilities, our technology is uniquely placed to help support this kind of initiative.”

Spread Networks inaugurated its private dark fiber network in August 2010, establishing the benchmark for ultra low latency connecting New York and Chicago. In October, Spread Networks announced its low latency wave service. Spread Networks low latency wave service is a fully managed and secure point to point Ethernet service designed for customers that value low latency connectivity between the nation’s largest financial centers. In addition to electronic trading firms, this service is ideal for brokers, market data vendors, exchanges, electronic communication networks (ECN) and alternative trading systems (ATS) that value low latency. The network is monitored by a dedicated customer service team and backed by a competitive service level agreement.

Become a bobsguide member to access the following

1. Unrestricted access to bobsguide
2. Send a proposal request
3. Insights delivered daily to your inbox
4. Career development