MEGATRADE OFFERS HIBERNIA ATLANTIC'S GLOBAL FINANCIAL NETWORK (GFN) TO ITS MEMBERSHIP BASE
PROVIDING SECURE, LOW LATENCY CONNECTIVITY OPTIONS TO THE CANADIAN FINANCIAL COMMUNITY
SUMMIT, NJ & DUBLIN, IRELAND- April 27, 2010 – Hibernia Atlantic, the only diverse transAtlantic high bandwidth connectivity provider, and Megatrade Communications Services, a telecommunications share group for the Canadian securities industry, announce today that Hibernia’s low latency Global Financial Network (GFN) is now available to all Megatrade members.With this new offering, Megatrade clients now have access to secure and diverse low latency connectivity solutions throughout Canada, the US, UK, and Europe.
With over 100 points of presence throughout North America and Europe, the GFN is built upon 24,000 kilometers of fiber optic cable ensuring maximum reach across key financial markets. Specifically engineered for ‘security through diversity,’ the GFN serves the global financial community with its low latency network solutions, including popular financial routes such as connections from New Jersey, and Chicago to Toronto.
Representing a wide variety of financial institutions and firms, Megatrade aggregates its purchasing power to secure the most optimal route and competitiverates for its large membership base. By accessing Hibernia’s GFN, Megatrade members, such as Canadian financial firms and exchanges, can now connect directly to Europe from Canada, bypassing U.S. points of presence for added diversity. Financial companies can also access GFN’s lowest latency routes, ensuring the fastest route for effective automated trading.
“Our financial membership base requires high performance networks with the utmost in reliability, and with Hibernia’s GFN we can deliver the most secure and diverse path for their critical data and trades,” states Barb Boznar, General Manager of Megatrade. “Our combined offering ensures delivery of fast, innovative services at some of the most competitive pricing in the marketplace.”
As time to market is so critical in today’s trading markets, Hibernia Atlantic guarantees Megatrade members rapid installation and deployment of fiber routes within a 5-day timeframe, along with guaranteed latency Service Level Agreements. Megatrade’s membership base of over 120 organizations can take advantage of the GFN with just one cross connect.
“To remain competitive, financial entities not only must have ultra fast connectivity to conduct trades, but also work with a trusted, experienced partner to deliver secure high performance solutions,” states Eric Gutshall, EVP of Sales and Marketing of Hibernia Atlantic. “Our partnership with Megatrade demonstrates our commitment in providing operational excellence to the global financial community.”
# # #
About Hibernia Atlantic’s GFN:
Hibernia Atlantic’s Global Financial Network (GFN) is a financial exchange connectivity division of Hibernia Atlantic, the Trans-Atlantic, high-bandwidth, connectivity provider. Built on over 24,000 kilometers of network, GFN connects the world’s largest exchanges’ datacenters to its direct participants through secure and diverse dedicated, high bandwidth, ultra low-latency Ethernet and optical-level service from 1-GigE, 10-GigE, LanPhy wavelengths and traditional SONET/SDH services. Utilizing the Hibernia Atlantic diverse and secure backbone, GFN offers world-leading broker dealers, hedge funds, market data providers and other financial firms over 100 Points of Presence (PoPs) into key capital market cities in the US, Canada, UK, France, Germany, Ireland and mainland Europe. For more information, please visit www.hiberniagfn.com.
For Hibernia Atlantic business inquiries, please contact Melissa Butler at 908-988-1990 or [email protected].
To view Hibernia’s corporate overview video, please click here:
For Hibernia Atlantic media inquiries, please contact:
Jaymie Scotto & Associates
Founded in 1989, Megatrade™ is a vehicle for the securities industry to aggregate its purchasing power to secure superior pricing and service levels for communications services. In June of 2004, Megatrade Communications Services (a not-for-profit, non-share capital corporation) was registered in the province of Ontario.
For more information on Megatrade, please visit www.megatrade.ca.