CROSSLAKE FIBRE SELECTS BSO NETWORKS AS EXCLUSIVE COMMERCIAL PARTNER FOR LOW LATENCY SERVICES ON NEW LAKE ONTARIO ROUTE
Paris, London, Toronto July 22, 2019 — Crosslake Fibre, a developer of unique subsea and terrestrial fibre networks, is pleased to announce that they have chosen BSO Networks (BSO), an award-winning Ethernet network, cloud, and hosting provider, as its exclusive partner to deliver Crosslake’s Velocity – a new ultra-low latency network service between Toronto and New Jersey for the financial services market.
Crosslake’s Velocity low latency service takes advantage of the shorter build across Lake Ontario to provide route diversity and deliver significant latency savings compared to the legacy terrestrial networks that route around the Lake between Toronto and New York. Connecting the commercial and financial centres of Canada and the US, Velocity is the only Canada-US cable system to cross Lake Ontario using the latest submarine and terrestrial technology to ensure the network is optimised to deliver maximum performance and reliability. The system will be operational from September 2019.
Mike Cunningham, CEO of Crosslake Fibre states, “Our new submarine and terrestrial fibre optic cable system provides unparalleled performance to the financial services market. We have made this strategic decision to exclusively partner with BSO as we recognise their extensive experience and understanding of the business and the technical requirements of the global financial community.” Adding “We have known the BSO team for many years and as a trusted partner know that they will go to market with a clear message of the unique value Velocity can provide.”
Michael Ourabah, Founder and CEO of BSO commented, “We are very pleased to be partnering with the team at Crosslake to deliver this unique new route from Canada to the New Jersey triangle.” Adding, “We are looking forward to adding their new submarine and terrestrial fibre optic system to our growing global network. BSO is now able to offer the lowest latency fibre path, as well as alternative, geographically diverse protected routes in an already successful market for us.””
BSO is the award-winning Ethernet network, cloud and hosting provider of choice for financial institutions and high-frequency trading firms that require superior infrastructure and connectivity to the world’s most liquid trading venues.
Experts in low-latency connectivity and colocation across emerging and established markets, over the past two years BSO has won two consecutive awards as the best low-latency high-performance network provider as voted for by members of the international finance community. The organisation continually innovates and invests in its services to empower the progressive trading community.
BSO’s global network reaches 30 countries with 240 data centre locations comprising all the major trading venues. Key connected cities include Chicago, New York, Frankfurt, London, Dubai, Tokyo, Shanghai, Hong Kong and Singapore. BSO is redefining connectivity through best-in-class services, global knowledge base and a unique approach to customer experience.
For more information, please visit www.bsonetwork.com.
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About Crosslake Fibre
Crosslake Fibre was established to develop fibre optic cable projects throughout Canada, the US and Europe. Crosslake’s innovative approach to fibre development is challenging the status quo. With a successful track record of developing and operating telecommunications infrastructure, and support from industry leading engineers, environmental consultants, regulatory advisors, institutional investors and telecom suppliers, Crosslake’s unique approach to development is driving value for its customers and stakeholders.
For additional information, visit www.crosslakefibre.ca.