Anova Technologies has unveiled a new long haul wireless network, linking up with Equinix campus of NY2/NY4/NY5 in Secaucus, New Jersey. The network connects with Aurora, IL, which in the process serves some of the country’s leading electronic trading venues.
Discover credible partners and premium clients at China’s leading finance event!
In particular, the new wireless network serves such exchanges as CME, NASDAQ and CBOE. Starting today, the advanced network will represent one of the fastest commercial networks not only in the aforementioned corridor but in the United States too. “We’ve looked at a lot of assets over the years between Chicago and New Jersey and invariably passed. This was for a variety of reasons – sometimes due to latency deficiencies, sometimes not enough capacity,” noted Mike Persico, founder and CEO of Anova Technologies.
The installment of the new network means that Anova now boasts nearly 1,600 kilometers (995 miles) of RF network, solidifying its stance as one of the largest financial industry wireless carriers. The corridor features the nation’s largest exchanges – the ability to link these regions with a faster network could translate into millions of dollars worth of savings per year.
Mike Persico
“This network was an exceptional fit for us as it possessed both necessary components right out of the gate. It will be interesting to see the market dynamics going forward and if customers will continue to stay on/pay for the fastest commercial path when then are no less than six private networks ahead of them. Personally, I believe there’s a burgeoning segment of firms who can maintain their current P&L with this new Anova network and would relish a significant price decrease,” said Mr. Persico.
Of note, the line features more than connectivity between leading Exchange venues in the US. This stance was echoed by Mr. Persico who noted: “Diversity and/or backup for those who already have a principal path, connecting to international circuits to form hybrid networks, additional bandwidth for clients as they shift more trades off fiber and onto wireless - the list is long. The other interesting element is the ability to disseminate futures, options and Equities feeds wirelessly.”
“Over the years we’ve really embraced the concept of being more than just a Layer1 provider. You can look at the acquisition of the LTS platform, the development of the Relay, along with our self-healing service as prime examples. Providing the market data product offerings is essential to our company ethos. When you pair the best underlying networks with data directly from the exchanges, you’re truly delivering a product set that has high utility for clients and the general marketplace alike”, explained Kieran Athy, CTO of Anova Technologies.
