LONDON, March 11 /PRNewswire/ -- AboveNet, a leading provider of fibre optic connectivity solutions for business and carriers, today announced an agreement with multilateral trading facility Chi-X Europe. This agreement will provide financial institutions with ultra-low latency connectivity and proximity hosting for accessing Chi-X Europe's market data and trading platform services.
AboveNet has strategically located its core wavelength infrastructure within a key London data centre close to Chi-X Europe's trading engine. This dedicated proximity-hosting environment enables sub-millisecond latencies when connecting to the Chi-X Europe platform via a single connection. By using AboveNet's scalable and secure fibre-based wavelength infrastructure for core connectivity, financial institutions can implement a secure, high capacity network that is well equipped to support the volume of high speed trades executed per second.
Commenting on the announcement, Hirander Misra, COO of Chi-X Europe said: Through our streamlined business model, institutional investors are able to trade a wide range of European equities and achieve low-cost, high-speed trade execution, offering opportunities for price improvement. We are pleased to welcome AboveNet connectivity for our growing roster of Chi-X users.
John Donaldson, managing director at AboveNet, commented: The durability and capacity of our network will offer clients near-zero latency and the highest levels of security and reliability. We are well positioned to handle the volume of data Chi-X Europe is currently generating and our fully scalable capacity can readily anticipate Chi-X Europe's future growth.
NOTES TO EDITORS
About AboveNet, Inc.
AboveNet provides fibre optic connectivity solutions for businesses in and between 15 top U.S. metro markets and London. It also has a Tier 1 IP network that connects to 20 cities in 7 countries. AboveNet's network is widely used in demanding markets such as financial services, media, health care and retail.
UK Headquarters: Centurion House, 24 Monument Street, London, EC3R 8AJ
For more information, please visit: http://www.above.net
About Chi-X(R) Europe
Chi-X Europe Limited is an FSA-authorised securities firm operating as a multilateral trading facility (MTF) for the trading of a wide range of European equities. Chi-X Europe's low-cost, streamlined operating model is designed to help participants achieve ultra-low execution, clearing and settlement costs, and benchmark tests have shown the Chi-X Europe to be significantly faster than Europe's traditional equity exchanges. Chi-X Europe disseminates real-time market data to clients directly and via third-party market data vendors at no cost, and off-exchange trade reporting is available for a low monthly fee. For more information, please visit http://www.chi-x.com
For further press information, interviews and photography on AboveNet, please contact the team at LEWIS PR: Suzy Ferguson / Niki Hutchinson, +44(0)20-7802-2626 email@example.com Or, for Chi-X Europe Limited please contact Streets Consulting Ltd: Julia Streets, +44(0)7976-205552 firstname.lastname@example.org
For further press information, interviews and photography on AboveNet, please contact the team at LEWIS PR: Suzy Ferguson / Niki Hutchinson, +44(0)20-7802-2626, email@example.com; Or, for Chi-X Europe Limited please contact Streets Consulting Ltd: Julia Streets, +44(0)7976-205552, firstname.lastname@example.org