Undersea cables - Hibernia has added its low latency Global Financial Network to Toronto and Montreal, already connected to USA and to Europe

[subtel] Hibernia Atlantic, the diverse transAtlantic high bandwidth connectivity provider, announces today that Hibernia’s low latency Global Financial Network (GFN) will now directly connect to Toronto Stock Exchange, TSX Venture Exchange and the Montreal Exchange, all located in the TMX primary data centre. To celebrate Hibernia’s ultra low latency connectivity, the GFN management team will be at Toronto Stock Exchange tomorrow to open the market.

This network expansion offers secure, direct connections from the TSX into key financial cities throughout the United States, Canada and Europe, including the New Jersey metro area, such as Carteret, Weehawken, Secaucus and Newark, as well as Chicago, Slough, 11 Hanbury, and Telehouse in London and Frankfurt. Unlike other traditional submarine and terrestrial fiber cables, Hibernia GFN’s diverse, low latency capacity can link from Canada directly into the UK and Europe, bypassing New York City and the U.S. entirely. This is a boon for financial companies that require fast and reliable capacity for automated trading.

Built upon 24,000 kilometers of fiber optic cable, the GFN, specifically engineered for the financial sector, has over 100 points of presence throughout North America and Europe. With ultra low latency routes such as sub 10ms Round Trip Delay (RTD) from Toronto to Newark/NJ Metro, Hibernia GFN offers some of the fastest financial routes in the marketplace.

“Hibernia’s innovative GFN enables traders, buy-side, sell-side and exchanges to execute trades faster and more efficiently,” states Bjarni Thorvardarson, CEO of Hibernia Atlantic. “The GFN specializes in delivering high performance networks to the global financial community; this includes ultra low latency routes for fast data delivery and secure and diverse back-up routes in the event of an emergency. Our 24/7 Network Operating Centers located around the globe ensures our customers receive top quality service, all the time.”

Further driving competitive advantages to the financial community, Hibernia Atlantic guarantees rapid installation and network deployment within a 5-day timeframe or one month free, along with guaranteed latency Service Level Agreements.

Hibernia Atlantic’s Global Financial Network (GFN) Now Connects to Toronto Stock Exchange