11:21 AM
Lexnet Metro Connect Lays Direct Fiber Route from Equinix Data Centers
Lexent Metro Connect has completed its ultra-low latency dark fiber connection between two Equinix International Business Exchange (IBX) data centers in Secaucus, New Jersey and strategic carrier hotels located in Manhattan. These carrier hotels include 60 Hudson Street, 32 Avenue of the Americas, 75 Broad Street and 111 Eighth Avenue.
The new dark fiber route follows the shortest distance across the Hudson River, offering the lowest latency fiber path between Manhattan and Equinix's NY4 and NY2 centers in Secaucus. With a route latency of less than 100 microseconds, this new link will enable global banks, financial exchanges and other enterprises located in the 100-plus Lexent on-net building or along the Lexent fiber optic backbone, to link with the Equinix Financial exchange community of execution venues, buy-and sell-side firms, market data providers and technology utilities operating with in the NY4 and NY@ centers.
"By utilizing Lexent Metro Connect, the financial community operating within our NY4 and NY2 centers in Secaucus can tap into fast, high-quality dark fiber routes to securely access New York's carrier hotels," stated John Knuff, director of business development for Equinix. "This provides them with optimized, low-latency links to New York City's financial exchanges and other key investment buildings," stated Knuff.
Citing a Reuters' paper titled Addressing the low latency challenge," published in June, Lexent quotes David Lester, chief information officer of the London Stock Exchange, who commented: "The firms that have been happy with a latency of 400 to 500 milliseconds will find that it is just not good enough going forward." According to the release, Lexent's short fiber path specifically addresses these concerns and also, the probability of physical fiber faults are decreased due to reduced exposure to potential third-party damage. These low latency connections measured in milliseconds, translate to tens of thousands of dollars per transaction for traders, stated the release.
"We have seen a surge in financial firms requesting private dark fiber solutions utilizing shorter optical routes, and with no mid-span equipment," commented Ray La Chance, president and CEO of Lexent Metro Connect in the release. "In response, Lexent has built upon its core regional dark fiber footprint, removing the 'fiber variable' and allowing its clients to deploy latency optimized applications unparalleled by comparable carrier solutions," added La Chance in the release.
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