New York – June 2, 2011 – Spread Networks, LLC, operator of the fastest network between New York and Chicago, today announced a new agreement with Sidera Networks, LLC, the premier provider of fiber optic-based network solutions, which gives Sidera the right to wholesale Spread Networks® Ultra Low Latency Wave service, effective immediately.
This relationship enables the integration of Spread Networks® 14.6 millisecond round-trip Chicago-NY Ultra Low Latency Wave service with Sidera’s Xtreme Ultra-Low Latency Network in both the New York and Chicago metro areas. As part of the agreement, Sidera will also offer managed services over Spread Networks® Carteret-Secaucus Dark Fiber.
“The Sidera Xtreme Ultra-Low Latency Network is an excellent complementary offer to our Ultra Low Latency Wave Service,” said David Barksdale, Chief Executive Officer of Spread Networks. “The broad reach of the Sidera Xtreme Ultra-Low Latency Network represents tremendous last-mile flexibility for firms seeking the lowest latency door-to-door round trip between New York and Chicago.”
“For more than a decade, Sidera has introduced innovative solutions to help our customers gain a competitive advantage, including our Xtreme Ultra-Low Latency Network, which is a testament to our deep understanding of the needs of our financial services clients. 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 of Sidera Networks.
Sidera will 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. With the shortest route between Chicago and New Jersey, the services will provide among the lowest latency of any available network service between these financial centers.
In addition to electronic trading firms, this service is ideal for brokers, market data vendors, exchanges, ECN and alternative trading systems (ATS) that value low latency. The network is monitored by a dedicated customer service team and backed by a competitive service level agreement.
Spread Networks’ fiber network was built from the ground up with the financial community in mind. In addition to its wave services, Spread Networks offers its flagship private dark fiber service that is the benchmark for ultra low latency connecting New York and Chicago in under 13.33 milliseconds roundtrip. To build this network, Spread Networks literally trenched a long-haul route on the shortest possible path connecting these two financial centers.
About Sidera Networks
Sidera Networks, LLC. www.sidera.net, is the premier provider of tailored, high capacity communications services that ensure optimal business performance to carrier and enterprise customers. Sidera Networks offers a comprehensive suite of facilities-based services including: Ethernet, SONET, Wavelength, Internet Access, Colocation and more. With a fiber optic network leveraging unique rights-of-way that spans from Maine to Virginia, out to Chicago and up to Toronto, Sidera is committed to delivering cost-effective, custom solutions coupled with superior industry expertise, service and support.
About Spread Networks
Spread Networks, www.spreadnetworks.com, a privately owned telecommunications provider, built a new fiber network from the ground up, connecting New York and Chicago to set a new standard for latency. Without the drag of traditional telecommunications offerings, Spread Networks provides its customers with a state-of-the-art diverse and secure fiber optic network to allow data to run as close as possible to the true speed of light through fiber. For more information contact: firstname.lastname@example.org.