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McConnell of Hibernia says the global communications company also continually monitors the subscription of its network to ensure that it does not oversubscribe any segment of the network, which could hamper the trading speeds of its users. “Tis is a front-end process for us. As we get near capacity on a monitored segment we will activate additional capacity. We are constantly making sure our customers have the capacity that they have contracted from us,” he says.
Mark Casey, chief executive officer and president of CFN Services, a leading provider of managed high- frequency trading enablement services to the financial markets, highlights how managed service specialists provide the trading infrastructure for HFT firms. Furthermore, Casey illustrates how a managed service provider is key to ensuring optimal performance, ideal procurement efforts and hassle-free infrastructure operations to high-speed trading firms.
“We provide flexible, turnkey network solutions enabling FX firms involved in HFT to accelerate market data delivery and trade execution. We provide an evergreen, low-latency network where the latencies between venues are continually improving to keep traders ahead of their competition,” says Casey. “To support dynamic requirements across trading firms, CFN offers custom, network solutions including dark fiber, lit fiber and passive wave optical networks with the comprehensive management, maintenance and reporting in which FX firms seek.”
To keep pace with its customers’ demands for improved latency, Hibernia has embarked on a process of increasing network capacity. Hibernia currently offers users 10GigE as a standard service and plans to move up to 40 GigE. Hibernia is currently testing 100 GigE, with an eye to meeting a strong increase in future demand for high-speed trading services.
Do it yourself guys
John Panzica, senior vice president sales and marketing at FiberMedia Group, a data centre and co-location specialist based in New York and New Jersey, says a couple of unnamed major high-speed FX trading firms have invested in their own dark fibre routes to bolster their capacity for low-latency trading. Panzica, who describes these high-speed trading outfits as the “do-it- yourself guys”, says the firms have been able to deploy their high level of IT expertise and investment in IT technology to build their own low-latency networks which can deliver the high-speed trading performance which they desire. Panzica says the unnamed high frequency trading (HFT), FX firms have installed
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