With low-latency fiber networks becoming more important for high-speed trading and other applications, Level 3 Communications, Inc. (NASDAQ: LVLT) says it has added low-latency network routes to Milan and Zurich to its European financial services offering. The routes are available from London, Frankfurt, Madrid, New York City, and Chicago.
Level 3’s European financial services portfolio now includes nine low-latency route options.
In 2010, financial markets research and strategic advisory firm TABB Group estimated high-frequency traders accounted for approximately 56 percent of total equity trading in the U.S. and 38 percent in Europe.
“In today’s financial services market, particularly in high-frequency trading, the goal is to have the fastest connection to the most important financial hubs, so choosing the right network partner for that connectivity is critical,” said James Heard, president of European Markets. “Not only are we regularly upgrading our network to consistently offer the fastest routes, we have the network reach to give our customers access to more of the world’s financial centers from a single provider.”
Visit Level 3 Communications