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.
âSpread Networks was built from the ground up to provide customers ultra low latency connectivity between Americaâs 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,â said W. Brennan Carley, SVP Product Marketing, Spread Networks. âThe latency reduction achieved through our network is a cornerstone of our service offering, which is why we have chosen to work with Endaceâs proven technology to ensure that the end to end accuracy of the latency measurement is better than one microsecond.â
Kevin Formby, VP Business Development, Endace said âWeâre 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.â
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 nationâs 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.