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Sidera Networks is now Integrated Wholesaler for Spread Networks

June 03, 2011

Sidera Networks is now Integrated Wholesaler for Spread Networks

By Anshu Shrivastava
TMCnet Contributor

Spread Networks, an operator of one of the fastest networks between New York and Chicago, has announced a new agreement with Sidera Networks, a provider of fiber optic-based network solutions.

The agreement gives Sidera the right to wholesale Spread Networks Ultra Low Latency Wave service. Plus, this latest agreement also calls on the company to offer managed services over Spread Networks Carteret-Secaucus Dark Fiber.

Additionally, in both the New York and Chicago metro areas, this relationship enables the integration of Spread Networks 14.6 millisecond round-trip Chicago-NY Ultra Low Latency Wave service with Sidera’s Xtreme Network.

Calling Sidera Xtreme Network an “excellent complementary” offer to the company’s Ultra Low Latency Wave Service, David Barksdale, CEO at Spread Networks, said that the broad reach of the Sidera Xtreme Network represents tremendous last-mile flexibility for firms seeking the lowest latency door-to-door round trip between New York and Chicago.

Sidera is expected to resell services on Spread Networks Ultra Low Latency Wave service between Chicago, IL and Spread Networks’ New Jersey endpoints at Newark, Weehawken, Carteret and Secaucus. Company officials said that these services will provide among the lowest latency of any available network service between the two financial centers -- Chicago and New Jersey, 

Along with electronic trading firms, this service is also considered ideal for brokers, market data vendors, exchanges, ECN and alternative trading systems (ATS) that value low latency. A customer service team will monitor the network, which will be backed by a competitive service level agreement, said company officials.

“With the addition of the Spread network, Sidera can combine its industry-leading low latency metro services with the lowest latency New York to Chicago service, offering our clients a comprehensive and unique solution,” said Mike Sicoli, CEO at Sidera Networks (News - Alert).

Earlier this year, Spread Networks connected Spread Networks low latency metropolitan dark fiber network to Equinix’s New York (NY4) International Business Exchange (IBX) data center in Secaucus, N.J.

Anshu Shrivastava is a contributing editor for TMCnet. To read more of Anshu’s articles, please visit her columnist page.

Edited by Chris DiMarco
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