07.19.2012

New Low Latency Routes Put Ireland at Heart of Europe

07.19.2012
Terry Flanagan

Recent network infrastructure upgrades in Ireland are improving connection speeds between Dublin and Europe’s key financial trading hubs.

Dublin is seeing increased investment and new technologies that are delivering more bandwidth to and from its shores, with the city’s large financial institutions willing to pay a premium for these low-latency services. Many of the world’s top banks have a presence in Ireland.

U.K. telecoms provider Colt and euNetworks, the European-focused fibre optic network supplier, have both recently improved their connections between Dublin and London.

“Ireland is an exciting place for Colt, particularly the Dublin area,” said Gary Keogh, director of Colt Ireland. “Our continued investment here will ensure Ireland remains right at the heart of Europe’s network infrastructure.”

Keogh says that the new link puts Dublin on a par with other cities in Europe.

Colt says it can now offer speeds of 4.267 milliseconds on the Dublin-London route, while euNetworks, which also incorporates the same CeltixConnect cable, a sub-sea telecoms network owned by Sea Fibre Networks that connects the U.K. and Ireland, has also improved its low latency capabilities.

David Selby, vice-president of product and strategy at euNetworks, added: “This diverse link between the U.K. and Ireland serves euNetworks’ financial services customers who depend on highly reliable, scalable and low latency connectivity services.”

Like Colt, euNetworks says its offering can now deliver a complete service portfolio from Dublin through to London, Frankfurt and across Europe.

“We are delighted to be able to improve our capability and connection to the Dublin market,” said Brady Rafuse, chief executive of euNetworks. “With this new link we can now offer our customers a truly seamless service across cities, countries and western Europe.”

Colt is also planning to put in an extension from Dublin to Cork, Ireland’s second largest city, toward the end of the year.

Related articles

  1. Trading Europe From ‘Across the Pond’

    The faster set up of new bonds means clients can service early secondary execution more quickly.

  2. UCITS equity funds recorded net outflows (€17bn) for the first time since Q1 2020.

  3. Trading Europe From ‘Across the Pond’

    The SEC regulated digital asset investment manager wants to expand globally.

  4. Trading Europe From ‘Across the Pond’

    The new futures will help customers manage sovereign debt risk in Europe.

  5. European ETFs Continue Record Growth

    Euro-denominated cryptocurrencies are the second highest traded fiat behind the U.S. dollar.