Level 3 Communications declared the introduction of an ultra-low-latency fiber-optic route to improve trading speeds between Frankfurt and London.
The new fiber-optic route will now enable brokers, hedge funds, banks and other financial institutions to carry out trades with minimum latency between more exchanges linked to the Level 3 network such as Chicago, New York, Milan and Zurich.
At present, Level 3 helps 9 of the major 10 North American investment banks, and 4 of the major 5 financial exchanges and 9 of the major 10 banks of the globe. The company’s network spreads across over 20 nations and links 190 markets in North America and Europe by covering 27,000 metro fiber miles and 57,000 intercity fiber miles.
Level 3 has directly worked with the financial services firms to offer wide range of solutions such as ultra-low-latency fiber-optic routes into Zurich and Milan, as well as key financial markets, including Frankfurt, London, Chicago and New York. Via these routes, the company offers more options of ultra-speed connectivity to the traders with wide range of low latency design flexibility.
Level 3 provides the London-to-Frankfurt fiber-optic route with strict end-to-end management and latency service level contract, resulting in improved security and comfort level to the customers. According to Level 3’s President of European Markets, James Heard, the financial services market having access to a network that continuously increases speed has a noteworthy competitive edge.
Source: http://www.level3.com