Level 3 deploys low-latency network between New York and Chicago

Level 3 Communications Inc (Nasdaq:LVLT) has completed deployment of a low-latency, fibre-optic network connection between New York and Chicago, the provider of fibre-based communications services said on Wednesday.

According to the company, the network expansion was deployed using the shortest-path routes and advanced electronics to enable high-speed transaction rates with low transmission delays, which is a significant service level requirement for financial exchanges and other trading venues.

The new route offers aggregate bandwidth of multiple 40Gb/s connections to accommodate growing traffic volume generated by hedge funds, investment brokers, financial exchanges and other market participants. Currently, over 80Gb/s of live financial trading traffic is being carried over the new route.

The company has also collaborated with financial services customers to design custom, low-latency network services to select trading venues throughout North America and Europe. Level 3 offers direct connections to 15 financial exchanges, 15 electronic communications networks and seven market data centres.

No financial details were disclosed.

Comments on this story may be sent to info@m2.com

Related terms: bandwidth, communications, electronics, europe, expansion, financial services, hedge fund, investment, market, nasdaq, new york, north america, rates, traffic