Level 3 Communications, Inc. (NASDAQ: LVLT) today announced the launch of a new ultra-low-latency fibre-optic route to increase trading speeds between London and Frankfurt. The new route will also allow banks, hedge funds, brokers and other financial services institutions to execute trades with lower latency between additional exchanges connected to the Level 3 network including Zurich, Milan, New York and Chicago.
"Frankfurt-London is one of the top 10 highest-bandwidth routes for international Internet traffic," says TeleGeography Senior Analyst Erik Kreifeldt. "Ultra-low latency affords a distinct differentiation on one of the most critical routes for global bandwidth, particularly for the financial services industry."
Level 3 has a proven track record when providing support for the financial services industry. The company currently supports nine of the top 10 investment banks in North America, as well as nine of the top 10 banks and four out of the five top financial exchanges in the world.
"Having access to fast network speeds can be a significant competitive advantage for the financial services industry, but it's an even bigger advantage to have access to a fast network that keeps getting faster," said James Heard, president of European Markets at Level 3. "We consistently upgrade our routes to better serve our global customer base. This latest route upgrade further underlines our commitment to anticipating our financial services customers' evolving needs, especially for rapid transactions, and demonstrates our network's unrivalled scale and continuously increasing quality of service."
Level 3 has worked closely with its customers in the financial services industry to develop a diverse portfolio of solutions, including ultra-low-latency routes into Milan, Zurich, as well as the main financial sectors of New York, Chicago, London and Frankfurt. Level 3 provides traders on these routes with a broad range of high-speed connectivity options, allowing for a variety of design options for low latency solutions. The London-to-Frankfurt route is offered with a stringent latency service level agreement as well as end-to-end management, giving customers increased peace of mind and security.
The Level 3 network today spans more than 20 countries and reaches approximately 190 markets in Europe and North America. Level 3 manages 57,000 intercity fibre miles and 27,000 metro fibre miles, providing a size and depth of connectivity on a broad scale.