Hibernia Atlantic, the only diverse transAtlantic high bandwidth connectivity provider, announces today its plans to build the lowest latency cable route from New York to London offering High Frequency Traders the unique latency under 60 milliseconds. Hiberniaâ€™sÂ Global Financial Network (GFN)currently unites hundreds of global banks and financial exchanges with a single connection. The GFN was built for the financial community and meets their demanding performance and reliability requirements. Project Express will only strengthen the GFN as the fastest route across the Atlantic.
â€œDemand for low latency routes has grown exponentially over the past several years,â€ statesÂ Bjarni Thorvardarson, CEO of Hibernia Atlantic. “Project Express will offer the lowest latency from New York to London and provide demanding customers the speed and accuracy they require.” Furthermore, the new Express transAtlantic cable will allow customers to reach other key financial cities and will offer lowest latency connections between Frankfurt and London and into Chicago, New York City and Toronto. Additionally, Toronto will now connect into London at sub 70ms.
A state-of-the-art submarine network build, Express will be the shortest route from New York to London that will initially be lit with 40G technology and can be upgraded to 100G technology in the future. Express includes an entirely new, all marine, four- fiber pair, transAtlantic optic cable system which will tighten the Atlantic facilitating New York to London Round Trip Delay (RTD) at sub 60ms. This new route, which will be the first new transAtlantic cable in nearly ten years, is significantly lower latency than all other transAtlantic cable systems.
â€œThe desktop study is complete, the vendor selection field has been narrowed and weâ€™re ready to move forward with this project,â€ states Mike Saunders, Vice President of Business Development for Hibernia Atlantic. â€œConstruction is second nature to Hibernia, having just completed another submarine cable, landing station and terrestrial network into Northern Ireland. Additionally, Hibernia owns and operates two transAtlantic cable systems. With our vast experience, this new venture is a natural fit for our business.â€
The first phase of the new build will begin with a new cable from the County of Somerset in the UK, to Halifax in Canada then connect to Hiberniaâ€™s current low latency cable from Halifax to New York. In addition, the new system will include branching units for future latency enhancements to the US and Continental Europe. The build is projected to be completed by the summer of 2012.
Hibernia Atlantic has already been securing its first new cable tenants. To join others in the financial community on this historic build, please contact Hibernia sales email@example.com.
About Hibernia Atlantic:
Hibernia Atlantic is the only American-owned, diverse transAtlantic high bandwidth connectivity provider. Hibernia is a subsidiary of Columbia Ventures Corporation (CVC) and owned by both CVC and Constellation Ventures Partners. It is a transAtlantic submarine cable and terrestrial fiber network that offers over 100 redundant network Points of Presence (PoPs) throughout Canada, US, UK, and mainland Europe on over 24,000 kilometers of network. Hibernia provides secure and diverse dedicated Ethernet, DTM and optical-level service up to GigE, 10G and LanPhy wavelengths and traditional SONET/SDH services. In addition, Hibernia offers wholesale capacity prices, unparalleled support, flexibility and service. Hibernia Atlantic ownsÂ Hibernia Media, which operates in 20 European and North American markets and represents the largest, national, state-of-the-art optical switching and Dynamic Transport Mode (DTM) network. Hibernia Media offers a full range of services to customers who generate and manage multi-media content. For more information on Hibernia Atlantic's cutting-edge network or to view their communication video, please visitÂ www.hiberniaatlantic.com. For further information on Hibernia Media, please visitÂ www.hiberniamedia.com.