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AboveNet Financial Solutions

Overview

A large financial customer that specializes in financial trading selected AboveNet as their network service provider to enable their trading desk and disaster recovery/business continuity applications.   

Business Need:  

The latency performance of your network can make the difference between success and a missed revenue opportunity -
“if a broker’s electronic trading platform is 5 ms behind the competition it could lose them at least 1% of their flow- that’s $4 million in revenues per ms”
-TABB Group

Many of the clients in the financial industry rely on the rapid availability of information and ability to quickly execute buy and sell orders in order to remain ahead of the market.  The ability for these clients to execute certain actions such as buying/selling demands a network that delivers low latency and high reliability in order to ensure their trades are received as quickly as possible.  Failure to execute trades and transmit information could cost them millions of dollars a day.  

The client needed a low latency network that delivered highest availability and that was connected to key financials exchanges and data centers.  Also in order to ensure the client had maximum network uptime they needed a secondary production network that was diverse from their existing provider.

Financial Applications for the network:  
Business Continuity, Disaster Recovery, trading desk applications

Why the Financial Client Chose AboveNet? 
AboveNet was selected because of our ability to deliver a custom private fiber optic network designed with the shortest path to key data centers and financial exchanges.  The network was designed to provide them diversity from their existing network and provide low latency which is critical for their business applications.  The fact that AboveNet’s network provided the shortest paths along with being completely diverse from the local ILEC or CLEC made AboveNet a perfect fit.

“As a provider of financial services to many of the world’s largest corporations, banks, accounting firms, our clients depend on us for around-the-clock service, 365 days each year. We’re looking for rock solid network security from end to end, diversity and redundancy in the network for the highest reliability.”

-CTO, national financial services firm

AboveNet Solution: 
AboveNet designed a multiple point to point topology that was connected to key data centers and financial exchanges.  The network was custom designed to provide them diversity, shortest path and lowest latency for their mission critical trading traffic.  In addition AboveNet delivered IP services to enable their business applications in many of the client’s strategic data centers.    

AboveNet Service Benefits: 
By selecting AboveNet as their network service provider the client was able to ensure their disaster recovery and trading applications have the maximum uptime with lowest amount of latency.  By building a fully redundant low latency network the client was able to execute trades at rapid speeds and continue to stay ahead of the market.  In the competitive market of financials these companies can’t afford any network downtime which why this client and others select AboveNet as their preferred network provider.

About AboveNet, Inc.
AboveNet, Inc. provides high bandwidth connectivity solutions for business and carriers. Its private optical network delivers key network and IP services in and among top U.S. and European markets. AboveNet's network is widely used in demanding markets such as financial services, media, health care, retail and government.