Financial trading practices such as high frequency trading require ultra-low latency. A low latency network service offers access to numerous applications and destinations with the help of a single connection. This is highly useful for financial institutions and even other industries are evincing interest in this technology of late.
Helping its customers across the world accessing the US market, Telstra (News - Alert) has introduced new low latency connectivity to CME Group's Aurora data center. This connectivity will be especially useful to financial centers as they can now get fast and reliable connectivity into other major financial centers.
To offer its low latency connectivity, Telstra has used Service Level Agreements, and Low Round Trip Delay which makes the dealing safe for international companies accessing US markets. The company is an approved carrier of the CME Group's co-location facility.
The company can also make this service available to customers trading out of the Aurora data center because of the open access model for telecommunication providers.
Matthew Lempriere, Telstra's Global Head of Financial Services Market Segment, said, “Financial institutions are increasingly facing diverse challenges relating to speed, resilience and integrity of data. At the same time they are looking for higher bandwidth and reliable low latency connectivity, to drive agility and flexibility in existing and emerging markets. This new PoP combined with Telstra's award-winning network, means we are well positioned to provide a consistent service experience and a one-stop-shop for our customers' low latency global connectivity needs.”
Recently, the company announced its plans to close its 2G GSM network by the end of 2016. In the coming years, the company plans to migrate its remaining second-generation subscribers to its 3G and 4G alternatives. The company's decision comes at a time when 2G traffic now accounts for less than 1 percent of Telstra's total network traffic.