Hibernia Atlantic connects Global Financial Network to Toronto Stock Exchange

SEPTEMBER 29, 2010 -- Transatlantic bandwidth provider Hibernia Atlantic says it has connected its low-latency Global Financial Network (GFN) to the Toronto Stock Exchange, TSX Venture Exchange, and the Montreal Exchange, all located in the TMX primary data center.

Hibernia says this network expansion will offer secure, direct connections from the TSX into key financial cities throughout the United States, Canada, and Europe. This includes the New Jersey metro area, such as Carteret, Weehawken, Secaucus and Newark; as well as Chicago; Slough, 11 Hanbury, and Telehouse in London; and Frankfurt. Unlike other traditional submarine and terrestrial fiber cables, Hibernia GFN’s low-latency capacity can link from Canada directly into the UK and Europe, bypassing New York City and the U.S. entirely, the network operator asserts. The direct connection benefits financial companies that require fast and reliable capacity for automated trading.

Built upon 24,000 km of fiber-optic cable, the GFN, specifically engineered for the financial sector, has over 100 points of presence throughout North America and Europe, according to Hibernia. It offers sub 10-ms round-trip delay (RTD) from Toronto to Newark/NJ Metro, Hibernia adds.

Hibernia Atlantic guarantees rapid installation and network deployment within a 5-day timeframe or one month free, along with guaranteed latency service-level agreements.

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