The new route is expected to provide further diversity to Sidera’s existing routes in both cities and add further resiliency for time critical financial platforms.
Sidera’s Xtreme Ultra Low Latency Network will be extended internationally to provide services to financial services firms, exchanges and other high-bandwidth customers. There has been an increasing focus by the company on providing low latency applications, including electronic trading and real time content distribution, as the demand for such services increases within North America and Europe.
“As part of Sidera’s strategic plan to grow our network, this addition of low latency routes to Toronto and London makes perfect sense,” said Clint Heiden, president at Sidera Networks. “We’re extending our financial services network cloud, so that customers who plug into Sidera’s Xtreme UltraLow Latency Network have access to a world of exchanges and financial services players.”
Heiden stated a bigger network is becoming necessary because its platform already caters for trades “that roughly clear $7 trillion daily”. He did not rule out further expansions both in US metro and across Europe.
