Tata Communications launches global low latency network to accelerate high frequency trading
Tata Communications launches global low latency network to accelerate high frequency trading
Network will deliver unparalleled global connectivity, scalability and flexibility with innovative Ethernet technology
Tata Communications today launches a low latency network which will seamlessly connect major financial capitals in Asia, the United Kingdom and the United States. The network is the first low latency service that offers a pure multipoint Ethernet platform to the financial services sector and other global industries, accelerating global high frequency trading and other low latency applications.
Designed for companies that require a secure, reliable and fast low latency solution, the network will enable financial firms to execute a high frequency trade between locations, such as London and Hong Kong or New York and Singapore, in milliseconds, through a single network and single supplier model.
John Hoffman, Head of Ethernet Product Management, Tata Communications says, “In this hyper-connected world, connectivity drives the global economy. We are at the centre of this information age with our expansive global network reach and the world’s first wholly owned cable ring around the world. The new low latency network is the latest cutting-edge offering in our portfolio. Global financial trading firms initially drove the need for this solution as every millisecond of latency is critical for trading. However, due to rising complexity and importance of specific mission-critical applications, we are also seeing an uptake in demand for similar levels of latency from a growing range of sectors and businesses.”
The new network enables customers with low latency needs to work with a single global supplier instead of multiple country-specific point-to-point network providers. Customers can build multipoint low latency networks that communicate from city-to-city rather than exchange-to-exchange to serve applications for which latency is crucial, regardless of the software or trading platform used.
Joel Stradling, Principal Analyst, Current Analysis, says, “Tata Communications has been an aggressive early-mover in Ethernet and currently offers the largest multipoint-to-multipoint service network in the market. The combination of its strong global footprint, a broad portfolio of Ethernet choices, operational simplicity that helps to drive cost reductions and an unmatched PBB technology rollout, makes the company’s new Low Latency offer compelling to prospects.”
Tata Communications’ low latency multipoint service has been designed to offer up to 35 per cent savings on circuit and operations costs. Whereas low latency networks have traditionally been offered over MPLS or relatively expensive layer 1 technologies, the software and platform agnostic Tata Communications’ low latency network is the only multipoint Ethernet service offering on a single network backed by 802.1ah, Provider Backbone Bridging (PBB) technology. PBB is uniquely offered by Tata Communications and, in addition to offering true Ethernet multipoint technology with added security, it is also highly scalable.
The low latency solution delivers ease of global collaboration through multipoint technology and also can deliver effective point-to-point solutions. Customers with low latency needs can take advantage of an unparalleled range of topologies, bandwidth options, and monitoring options to create the best low latency network solution for their requirements. Customers now have the flexibility to upgrade their bandwidth without causing a service outage on their network.
Furthermore, service level agreements (SLAs) for the low latency network include near-real-time latency guarantees. Latency is measured every five minutes on a 24/7 basis, up to two decimals after the millisecond range from point-of-presence ("PoP") to PoP. All data is stored for trend analysis.
The Enterprise SLA option enables the customer to take advantage of Tata Communications’ comprehensive performance monitoring and troubleshooting capabilities. This option extends the standard SLA guarantees with guarantees for Service Uptime, Packet Delivery Ratio, Latency and Jitter from a customer’s premise-to-premise, instead of from PoP-to-PoP, which is more traditional.
Tata Communications’ award-winning Metro Ethernet Forum-certified Ethernet Services run on the low latency network. Tata Communications was selected as the Best Ethernet Service Provider in APAC in 2010 and 2011 and Tata Communications’ multipoint service was voted Best Business Service in APAC in 2011 by the Metro Ethernet Forum ("MEF").
The new network, together with Tata Communications' recent announcements on its landmark completion of the world’s first wholly-owned round-the-world fibre optic cable ring, global technology association launch with Formula 1™ and public commitment to drive cross-network video collaboration through the Global Meeting Alliance™ network all complement and further strengthen Tata Communications' vision to advance the reach and leadership of its customers across the globe.
To find out more, please visit: http://www.tatacommunications.com/vpn/low-latency-ethernet.asp.
About Tata Communications
Tata Communications is a leading global provider of a new world of communications. With a leadership position in emerging markets, Tata Communications leverages its advanced solutions capabilities and domain expertise across its global and pan-India network to deliver managed solutions to multi-national enterprises, service providers and Indian consumers.
The Tata Global Network includes one of the most advanced and largest submarine cable networks, a Tier-1 IP network, with connectivity to more than 200 countries across 400 PoPs, and nearly 1 million square feet of data center and collocation space worldwide.
Tata Communications' depth and breadth of reach in emerging markets includes leadership in Indian enterprise data services, leadership in global international voice, and strategic investments in South Africa (Neotel), Sri Lanka (Tata Communications Lanka Limited) and Nepal (United Telecom Limited).
Tata Communications Limited is listed on the Bombay Stock Exchange and the National Stock Exchange of India and its ADRs are listed on the New York Stock Exchange (NYSE: TCL).
Forward-looking and cautionary statements
Certain words and statements in this release concerning Tata Communications and its prospects, and other statements, including those relating to Tata Communications’ expected financial position, business strategy, the future development of Tata Communications’ operations, and the general economy in India, are forward-looking statements. Such statements involve known and unknown risks, uncertainties and other factors, including financial, regulatory and environmental, as well as those relating to industry growth and trend projections, which may cause actual results, performance or achievements of Tata Communications, or industry results, to differ materially from those expressed or implied by such forward-looking statements. The important factors that could cause actual results, performance or achievements to differ materially from such forward-looking statements include, among others, failure to increase the volume of traffic on Tata Communications’ network; failure to develop new products and services that meet customer demands and generate acceptable margins; failure to successfully complete commercial testing of new technology and information systems to support new products and services, including voice transmission services; failure to stabilise or reduce the rate of price compression on certain of the company’s communications services; failure to integrate strategic acquisitions and changes in government policies or regulations of India and, in particular, changes relating to the administration of Tata Communications’ industry; and, in general, the economic, business and credit conditions in India. Additional factors that could cause actual results, performance or achievements to differ materially from such forward-looking statements, many of which are not in Tata Communications’ control, include, but are not limited to, those risk factors discussed in Tata Communications’ various filings with the United States Securities and Exchange Commission. These filings are available at www.sec.gov. Tata Communications is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements.
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