Anova Technologies unveils "Redline" a new latency trading route in the U.S.

Michael Persico, Founder, Anova: "When Anova first launched, we promised unparalleled speed to the markets and that is what Anova has, and will continue to deliver."

Anova Technologies, a newly-formed technology provider, is now offering the financial industry what it describes as: "The fastest Chicago to New York/ New Jersey trading route in the U.S. to date, with a round trip time of 17.2 m/s."

Previously, the standard trading route took 21.2 m/s. Anova Technologies is now offering a higher speed route dubbed "The Redline", which has been measured at a round trip time of 17.2 m/s. This results in a reduction of trading and strategy latency of up to 4m/s. With 1G and 10G wave circuits offered, Anova ensures advanced communications for their bandwidth-intensive trading clients.

Founder of Anova, Michael Persico said, "When Anova first launched, we promised unparalleled speed to the markets and that is what Anova has, and will continue to deliver. We believe 'The Redline' is a significant stride for the trading industry and, with a savings of 4m/s our clients are supplied with that unmatched speed needed to get trades filled before the rest."

"The Redline" connects the two of the most utilized financial industry collocation centers in the U.S. from Equinix at 350 E. Cermak, Chicago to NASDAQ at 1400 Federal, Carteret, NJ and has an actual measured latency of 17.2 m/s gateway to gateway along with a guaranteed wavelength latency of 17.9 m/s. A second East Coast collocation facility is scheduled to come online in late Q2 at 300 East Blvd in Weehawken, NJ.

Persico continues, "By offering this high-speed connection from New York to Chicago, Anova is bridging the long-distance East Coast/Midwest gap, making inter-exchange, trade and arbitrage execution faster than ever. Anova promised to offer tomorrow's technology today and 'The Redline' fulfils that promise."