Anova Technologies Unveils OptiWave Low Latency NJ/NY Trading Solution

Anova Technologies, a Chicago-based optical engineering and low-latency networking firm, has created a fiber platform, Optiwave, melding network management with micro-second speed.

The Chicago-based company said this addresses the speed that trading firms demand, coupled with an accessible price point and ease of deployment.

Historically dark fiber connectivity has been difficult to procure, as well as cost prohibitive for all but a select few of the largest trading entities, stated the company's release. Lit, or managed, fiber services from traditional carriers have a relatively lower price point but unfortunately exhibit higher latencies and zero control in terms of route or equipment improvements. Anova's OptiWave service was created on the premise of eliminating this dilemma entirely, according to the company.

"The technology involves installing a non-electrified filter onto a strand of dark fiber. This gives us the unique ability to offer a single fiber color, or channel to the customer," explained Michael Persico, CEO of Anova in the releases. "They can then put their own options on the path endpoints, which reduces the latency by removing superfluous cross connects and other unnecessary Telco gear found in a managed offering. It also allows for infrastructure upgrades at the firm's discretion, not the provider's," Persico elaborated in the release.

The individual colors or channel wavelengths have been loosely termed "passive" waves, alluding to their hybrid nature and conception of their place as the perfect middle ground between lit (active) and dark (non-active) fiber). OptiWave packages are priced in bandwidth sizes of 10G, 40G and 100G, making the routes a foundation for the data requirements of electronic trading participants.

All of the major New Jersey electronic data centers are available on the OptiWave network, or "ring." Paths exist between 300 Blvd. East, 1400 Federal, 275 Hartz/755 Secaucus and 165 Halsey. Some traders use proximity hosting for their equipment in these prime order execution locations. Annova says the task of automated arbitrage through intra-exchange connectivity has just become simpler through its Optiwave network connecting these paths.

"By adding these main points of interest, we've created a high-speed, passive wave ring to satisfy the data demands of today's HFT, market making and buy-side customers. All of the major East Coast electronic futures, equities, option s matching engines are collocated within our platform and more paths are pending," stated Persico.

Future additions to the passive ring include 151 Front in Toronto and 1118th Ave and 60 Hudson Street in New York. Anova can provide equipment, installation and maintenance bundles to those firms seeking turnkey solutions. Ivy is Editor-at-Large for Advanced Trading and Wall Street & Technology. Ivy is responsible for writing in-depth feature articles, daily blogs and news articles with a focus on automated trading in the capital markets. As an industry expert, Ivy has reported on a myriad ... View Full Bio