(MENAFN Press) SINGAPORE--MediaOutReach--7 November 2012 --
Pacnet announced today that it has expanded the coverage of Pacnet Lightning to the Chicago Mercantile Exchange (CME), the largest exchange for futures and options-on-futures in the United States.
The service expansion adds to Pacnet Lightning's very low latency routes over direct fiber access to the Tokyo Stock Exchange, the Osaka Stock Exchange, the Hong Kong Stock Exchange, and the Singapore Stock Exchange.
"With algorithmic and high frequency trading becoming the rule rather than the exception in today's financial markets, the race to zero has never been more critical," said Jim Fagan, President of Managed Services at Pacnet. "Through our lightning-fast, low latency subsea fiber connectivity between Chicago and key Asian markets, Pacnet Lightning now empowers traders in Asia to trade on the CME through our fastest connections to optimize their trading gains."
Pacnet Lightning guarantees highly secure, reliable and lowest-latency point to point connections to stock exchanges for traders and market data vendors, for their information access and trading needs. It uses Synchronous Digital Hierarchy (SDH) and Ethernet technology to connect traders with low latency bandwidth of up to 1 Gigabit per second (Gbps) into the various stock exchanges.
Additionally, by having Pacnet's full suite of networking and co-location services available through Pacnet's Points of Presence (PoPs) next to these exchanges, Pacnet is able to deliver a seamless experience for customers connecting to one or all of these exchanges.
Pacnet Lightning, which rides on dedicated Ethernet International Private Line (EIPL) circuits on the shortest cable routes of Pacnet's extensive intra-Asia EAC-C2C, and trans-Pacific EAC Pacific subsea cable systems, also offers real-time end-to-end network performance monitoring and reporting, which allow customers to see the actual latency between two points.
Through Pacnet's multiple network routes on its subsea cable system, Pacnet Lightning is also able to deliver the robust, redundant connections demanded by the financial community by delivering dedicated bandwidth allocation not only for the primary network path but also for the secondary network path.