Sidera delivers low latency for Flexenet

22 September 2011 | Guy Matthews


US metro network operator Sidera Networks has signed a deal with Flexenet, a provider of mission-critical communication solutions for the financial services sector.

Sidera’s Xtreme low latency network will be used by Flexenet as the basis for connectivity solutions for major banks and brokers in the US as well as Europe, said the operator.

“Brokers and traders rely on our services for fast, reliable to the major financial exchanges,” said Chris Rose, CEO of Flexenet. “We chose Sidera because of its ability to provide direct access to key New York-based financial exchanges and its ability to rapidly provision circuits to Flexenet’s Manhattan facility. Sidera’s network solution provides Flexenet with seamless connectivity for high quality, automated trading.”

“Trading services require direct, reliable, ultra fast connectivity to major financial exchanges,” said Mike Sicoli, CEO of Sidera Networks. “Xtreme is a network solution designed specifically for the trading community.”

Sidera Networks provides connectivity services for nearly 250 financial institutions, as well as 30 financial exchanges, across its network footprint.