Friday, February 1, 2019

Zayo Wins Another High Speed Trading Customer

Boulder-based bandwidth provider Zayo Group Holdings reported another win in the financial and trading sector on Friday, saying that a high frequency trading firm has selected the company for a dark fiber and wavelength win along the New York/New Jersey financial corridor. Financial impact of the win, and name of the customer were not announced by Zayo. Zayo said the "ultra-low latency" solution it is offering the customer operate in an area where "microsenconds equate to millions of dollars". High speed trading firms use technology to exploit minute differences in pricing and information across markets to execute profitable stock trades, and invest significant amount of money into very low latency bandwidth and equipment. Zayo has previously announced a number of other high speed trading customers in the New York market.