In this interview, Mike Cunningham goes into detail about the importance of the route and the benefits for financial services firms involved in capital markets.
Here is an extract from the interview:
“Can you take us through the genesis of Crosslake Fibre?
At Crosslake Fibre, we bring a couple of unique value propositions, the first of which is new infrastructure. There hasn’t been a lot of new long-haul infrastructure built in Canada for a while, going back to the dot com boom. Our subsea cable from Toronto to Buffalo represents the first new significant long-haul build along that route. The system represents a much higher fibre count cable than the cables installed previously, and this is the first new fibre optic route constructed between Toronto and Buffalo in almost two decades!
The second value proposition is diversity. There are a number of points of failure on different long-haul routes that currently exist from Toronto to Buffalo, which is one of the main roads for traffic from central Canada into the United States. A number of these cables traverse along the same rights of way with the same bridges going across the Niagara River. Our route is physically diverse from that. So, as opposed to going from Toronto and then west around the lake, we go from Toronto, a bit east and through the lake. It provides physical diversity and is a shorter route, which creates a lower latency route.
How is this route attractive to the financial services sector?
The new network provides lowest latency as well as a ultra high and fully diverse capacity for customers. With this new system, the physical distance between the financial markets of Toronto and New York has gotten shorter. The new route delivers under 9ms RTD performance between the core financial markets of Canada and the US. Our ‘Velocity’ service portfolio offers a number of low-latency options to the financial community to enhance their connectivity to these important financial markets.”
You can read the full interview with InterGlobix Magazine here.