CHICAGO — Anova Financial Networks launched an end-to-end, 10Gbps wireless solution from NY4 in Secaucus to NY11 in Carteret, a critical leg of the New Jersey Equity Triangle that connects the U.S. equity marketplaces.
Customers can now acquire dedicated 1Gbps services. These larger increments provide a reduction in serialization delay as well as the ability to subscribe to more symbols than ever before, which allows for more strategies to utilize wireless market data and its myriad of benefits.
“There’s certainly been much ado about latency, but capacity is now becoming acutely important in a wireless system, particularly in regard to the transport of market data to away exchanges,” said Mike Persico, founder and CEO, Anova. “Specifically, market volatility and ever-increasing feed sizes have rendered the traditional wireless networks incapable of handling today’s traffic, and customers are seeing the downside of that.”
The company upgraded its wireless platform capacity from a native 2Gbps to 10Gbps on a single network without spectral muxing overhead or sensitive modulations and frequencies.
“At Anova, we plan to increase the capacity between these two central trading hubs to 20Gbps with a second deployment,” Persico said. “This is truly the next generation of wireless networks: fiber-like capacity coupled with over-the-air latency.”
“As a complement to the increased capacity, we have also deployed our internally developed Self-Healing FPGA application,” said Kieran Athy, CTO of Anova. “Our proprietary application monitors the wireless backbone, and, in the event a single packet is dropped over that transport medium, Anova is able to replace the missing packet from its fiber service. This is critical for trading desks that need client orders to get to the matching engine every time or market makers whose systems are gap intolerant.”