This new colocation on ramp enables Crosslake Fibre to connect TMX Group exchanges, including the Toronto Stock Exchange, into its global financial network, giving customers access to low latency and diversity connectivity.
“We are thrilled to be able to provide our customers with connectivity into TMX Group, owner of Canada’s premier exchanges,” said Mike Cunningham (pictured), chief executive officer of Crosslake Fibre.
“Our point of presence at TMX Group’s co-location facility will reduce latency and enhance the interconnectivity between two of the financial markets in North America, Toronto and New York.”
Crosslake Fibre recently completed construction of its long-haul route providing fast and diverse connectivity services between Toronto and New York. The new network delivers approximately sub-9ms round trip delay (RTD) performance between TMX in Toronto and New York City. It also offers diverse routes to other key financial centres including Chicago, London, Paris, and Sao Paulo.
“We’re pleased to welcome Crosslake Fibre as a new network vendor,” said Sarah Ryerson, president of TMX Datalinx, TMX Group's information services division.
“The addition of Crosslake Fibre’s network infrastructure at our primary data centre enhances the connectivity options for our co-location clients who provide major financial centres around the world with low latency access to data from our exchanges.”
In related news, July 2020 saw Crosslake Fibre confirm plans to build a new subsea cable called CrossChannel Fibre.
The next-gen, 550km fibre-optic subsea system is the first to be built across the English Channel in almost twenty years connecting Slough, UK and Paris, France.
The non-repeatered system will feature 96 fibre pairs, each providing over 20Tbps of capacity throughput, with an RFS date of fall 2021.
