October 11, 2012
Telx Allies with Cross River Fiber
By Rahul Arora
Telx, a provider of global interconnectivity, cloud enablement services and data center solutions, recently announced that a new ultra low-latency fiber has been constructed into the company’s facilities in Clifton. Cross River Fiber, a New Jersey-based CLEC and boutique, dark fiber optic and telecommunications solutions provider, is constructing the fiber to reduce latency to NYSE's Mahwah facility from current fiber optic routes.
Telx’s facilities in Clifton are right in the middle of the Cross River Fiber routes to financial exchanges in Secaucus and Weehawken. Moreover, the distance between Telx's Clifton facilities and Mahwah will offer the most direct path, delivering a latency competitive route.
Thanks the new Fiber, customers will be able to achieve low latency connectivity to financial exchanges.
"This has the potential of being a game-changer for financial institutions, market data vendors, and trading systems that want to establish a latency sensitive data center footprint for the US Equities markets," explained Alex Tabb, a partner at TABB Group, a major research and advisory firm for the financial markets. "With the Equity markets under considerable pressure, market participants need to continue to look for new technologies and strategic placement of assets that can reduce latency but at the same time keep operational costs under control."
Cross River represents over 30 years of telecommunications industry experience in both the CLEC/Facilities-based and contracting establishments. Covering all facets of network design, management and construction, the company plans its own networks and builds its own fiber assets.
The company designs, constructs and manages independent fiber optic routes throughout the state of New Jersey.
"Expanding our network footprint in New Jersey at Telx's impressive new facility will strengthen our service offerings to the financial community," said Vincenzo Clemente, CEO at Cross River Fiber. "Our construction capabilities and secure network design are at the forefront of the industry and we are proud to partner with Telx to offer existing and new customers across a variety of industries the highest quality network solutions available."
Edited by Braden Becker
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