Spread Networks Opens Metro Network

Known for its low-latency long-haul network between Northern New Jersey and Chicago, Spread Networks has added a spur linking its network to the Equinix New York 4 (NY) International Business Exchange (IBX) in Secaucus, NJ.

Client now have access from NY4 to the vendor's datacenter at 14 Self Boulevard in Carteret, NJ, and Verizon's 1400 Federal facility in Carteret, which houses Nasdaq OMX's US markets, as well as the datacenter hotel located at 350 East Cermak Road in Chicago.

"We literally built a brand new dark fiber network from the group up to raise the standard for speed, diversity, security and reliability between New York and downtown Chicago," says Brennan Carley, senior vice president product marketing at Spread Networks.

Each client in NY4 receives a dedicated pair of fiber lines to access the network, over which they can light multiple separate wavelengths. "Customers can either use that route for communications within the metro New Jersey area, or they can combine it with Spread Networks' current Chicago-to-Carteret link to achieve the shortest route possible from Chicago to Secaucus," says a vendor spokesperson.

SST’s Analysis:
Deploying a link between Nasdaq OMX and Direct Edge, as well as linking Nasdaq OMX's options markets to the multiple options exchanges located in NY4, Spread Networks should see a good amount of traffic on the new part of its network. One of the greatest challenges in providing a premium low-latency long-haul connection to latency-sensitive firms is that many will co-locate their execution servers locally and transmit the less latency-sensitive data over the long distance. However, many firms will not spend the capital to deploy co-located equipment in two datacenters in such close proximity as Secaucus and Carteret, which should increased service demand.