Level 3 Selected by QuantHouse
Posted: Thu Jun 30, 2011 11:15 am
Level 3 Selected by QuantHouse to Provide Ultra-Low-Latency Transport between London and Stockholm
Route is Part of Level 3’s Ultra-Low Latency Network Interconnecting Top Financial Centres in Europe and the U.S.
Route is Part of Level 3’s Ultra-Low Latency Network Interconnecting Top Financial Centres in Europe and the U.S.
June 30, 2011
Level 3 Communications, Inc. (NASDAQ: LVLT) today announced it has been selected to provide ultra-low-latency transport services from London to Stockholm by QuantHouse, a global provider of end-to-end systematic trading solutions. The route, which was recently added to Level 3’s portfolio of low-latency offerings, provides financial services customers high-speed connectivity and lower transmission delays between Europe’s largest trading market and the growing financial market in Stockholm.
“Our customers are some of the most technologically sophisticated and demanding in the financial services market – they expect the best and most reliable services in order to give them an edge.” said Pierre Feligioni, CEO of QuantHouse. “With Level 3’s low-latency routes, we can provide a more complete and competitive portfolio to these customers.”
QuantHouse’s services help market makers, proprietary trading desks and latency-sensitive sell-side firms to leverage the advantages of ultra-low-latency market data technologies, algorithmic trading development framework, proximity hosting and order routing services. The company is using Level 3’s transport solution to provide customers with ultra-low latency access from London to Stockholm using QuantHouse’s own algorithmic trading solution.
Level 3’s low-latency route service portfolio allows customers like QuantHouse to connect from all of Europe’s top financial centres via nine different European route options. The company additionally provides high-speed connectivity from Europe to the top U.S. financial centres.
“Our customers not only want the fastest connectivity, they want the flexibility to easily reach the market of their choice, using the most advanced technology possible with as little risk as possible,” said James Heard, president of European Markets. “The addition of the London-to-Stockholm route is a perfect example of Level 3’s commitment to helping our financial services customers connect quickly and reliably to more of the world’s key financial destinations – all on one of the world’s largest Internet backbone networks.”
As a result of its network scale, Level 3 has the unique ability to manage and optimize the delivery process from end-to-end. Transactions on the routes are further backed by network redundancy and stringent service level agreements (SLAs) relating to performance on the Level 3 network. For more information on Level 3’s ultra-low-latency services and routes in Europe please visit www.level3.com/Solutions/business-need/low-latency.aspx.
About Level 3 Communications
Level 3 Communications, Inc. (NASDAQ: LVLT) is a leading international provider of fiber-based communications services. Enterprise, content, wholesale and government customers rely on Level 3 to deliver services with an industry-leading combination of scalability and value over an end-to-end fiber network. Level 3 offers a portfolio of metro and long-haul services, including transport, data, Internet, content delivery and voice. For more information, visit www.level3.com. Level 3 services are provided by wholly owned subsidiaries of Level 3 Communications, Inc.