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BBC News (Technology)
May 2, 2013
In the world of computerised financial trading, every second counts and superfast fibre-optic networks may no longer be quick enough.
Laser beam technology originally developed for the military is being rolled out to shave time off trades.
It will compete with new microwave networks that are increasingly being used by traders.
The company behind it, Anova, said it would be as fast as microwave networks and as reliable as fibre...READ MORE
reuters.com
May 1, 2013
LASER BEAMS
Anova is betting its laser technology will prove to be another leap for the sector, targeting the weaknesses of microwave dishes: they are easily disrupted by weather and can carry tiny amounts of data compared to fiber optic networks.
The company formed a joint venture with AOptix, founded by two California scientists who developed a high-bandwidth communications network for the U.S. Air Force to send large amounts of data between moving aircraft using rotating lasers.
The new hybrid system - combining lasers and millimeter wave wireless dishes - is due to be first rolled out on short-range U.S. and British networks over the next two months before the first long-haul route to Germany, perhaps next year... READ MORE
low-latency.com
March 21, 2013
Anova Technologies is taking control of a microwave wireless network connecting Equinix's key economic news distribution hub in Washington, DC to Nasdaq OMX's data centre in Carteret, NJ. In so doing, it's directly connecting news sources at lowest latency into the trading markets, allowing firms to trade from signals themselves, and not from responding to market movements driven by them. Think of it as the convergence of big data and low latency, for intelligent trading... READ MORE
Capacity Magazine
capacitymagazine.com
March 19, 2013
The world's top firms have put their secretive but lucrative trading programmes on a fibre diet. Richard Irving finds out why.
Is fibre dead? Don't groan - this is not some bad joke. So great is the seismic shift to wireless technologies in the ultra-low latency market, that some providers are seriously beginning to wonder what sort of future fibre can possibly hope to have in the do-or-die arms race to make share trading as fast as the speed of light.
And make no mistake, this is a race - as fast as a 100m sprint, as brutal as a back-to-back marathon, but above all, a race that no one can afford to lose... READ MORE
Capacity Magazine
capacitymagazine.com
March 19, 2013
Financial technology entrepreneur Mike Persico is challenging the low latency status quo through his highly specialist network operator Anova Technologies. Richard Irving talks to the chief executive about life in the fast lane.
Who holds the most spectrum licenses in the US? By some measures, it is a former marketing graduate turned serial financial technology entrepreneur with two successful exits to his name and a burning ambition to push the boundaries of electronic share trading to its physical limits. Or should that read the limits of physics? Meet Mike Persico, founder and chief executive of Anova Technologies and holder of more than 4,000 individual Federal Communications Commission (FCC) spectrum registrations. "Clearwire used to hold more but I think we recently took the lead", he says with a tinge of pride.
Anova is one of a handful of highly specialist network operators that have broken out of stealth mode in the last 18 months to rewrite the textbook on building ultra-low latency networks... READ MORE
low-latency.com
February 28, 2013
"In the world of high-frequency trading, where being ahead of the competition by a few milliseconds can mean profits worth millions of dollars, finance firms are increasingly looking to decades-old microwave technologies for a competitive edge.
Such firms are finding that wireless microwave technology, despite being in use for more than half a century, can deliver data a few milliseconds faster than fiber-optic cable. As a result, the once-stagnant industry of microwave communications is finding itself in an "arms race" among vendors of new competitive offerings, said Mike Persico, CEO of financial exchange service provider Anova Technologies..." READ MORE
Wall Street Journal
blogs.wsj.com
February 20, 2013
..."We were a technology ahead of its time 12 years ago," said Dean Senner, AOptix's chief executive. "When we wanted to give people gigabit links, they couldn't figure out what to do with them."
Part of the reason could be that electronic trading of stocks was still in its infancy back then. The company has landed its first commercial customers through a joint venture with Anova Technologies, which will use AOptix boxes to set up a network of links to exchanges for the financial-services industry... READ MORE
High Frequency Traders Use 50-year-old Wireless Tech
itworld.com
December 12, 2012
"In the world of high-frequency trading, where being ahead of the competition by a few milliseconds can mean profits worth millions of dollars, finance firms are increasingly looking to decades-old microwave technologies for a competitive edge.
Such firms are finding that wireless microwave technology, despite being in use for more than half a century, can deliver data a few milliseconds faster than fiber-optic cable. As a result, the once-stagnant industry of microwave communications is finding itself in an "arms race" among vendors of new competitive offerings, said Mike Persico, CEO of financial exchange service provider Anova Technologies..." READ MORE
thedeal.com
September 12, 2012
..."This is VHS versus beta," said Mike Persico of Anova, which has built out its millimeter wave network in the metropolitan areas of Chicago and New York/New Jersey and hopes to have a complete long-haul path between the two regions completed next year. "We lift the bandwidth constraint but keep the speed advantage."... READ MORE
Q&A: August's Low Down on Latency with Pete Harris
low-latency.com
August 15, 2012
Q: There's been more news on the wireless communications front too. Is the space heating up?
A: Definitely. There's the news of BGC Partners and Thesys Technologies building a wireless network. And also most interestingly the rollout of Anova's wireless - millimeter wave, not microwave - network, which could address bandwidth concerns... READ MORE
Anova Deploys Millimetre Wave Technology For New Jersey Wireless Network
low-latency.com
July 25, 2012
When Anova Technologies announced recently that it had deployed a wireless network linking NYSE Euronext to Direct Edge, one word was missing from its press release: microwave. That's because the connectivity specialist has gone in a different technology direction to the one in vogue right now as the basis for its wireless offerings... READ MORE
low-latency.com
July 12, 2012
Anova Technologies, the preeminent financial and exchange connectivity provider, has launched wireless RF between 755 Secaucus, the home of DirectEdge, and 165 Halsey, a SFTI POP for NYSE. This build has achieved a latency that is virtually at the speed of light, clocking in at a scant 66.4 microseconds (µs) between radio endpoints. The "as the crow flies" straightest distance of between these two locations translates to 66.3µs of distance-dependent latency, which means the proprietary Anova equipment adds only nanoseconds... READ MORE
TRADING PACES: Anova Connects to Chicago Options Markets & More
Securities Technology Monitor
securitiestechnologymonitor.com
February 22, 2012
The optical engineering firm said it is extending its high-speed trading routes to reach options markets in Chicago. Direct FX will use First Derivatives' Delta trading technology to aggregate prices and execute transactions for retail and institutional customers. ICE Futures Europe will auction... READ MORE
CME's Colo Service to Go Live on Jan. 29
Wallstreet and Technology
wallstreetandtech.com
October 13, 2011
The derivatives exchange operator will offer colocation services to high speed customers out of its own 428,000 sq. foot data center in Aurora, Ill.
Chicago-based CME Group said it's opening a new colocation services facility from its data center located in suburban Illinois, offering clients the ability to place high speed trading strategies as close as possible to the CME's Globex matching engine... READ MORE
Sub-Microsecond Encryption Rolling Out for Trading Data
Securities Technology Monitor
securitiestechnologymonitor.com
October 10, 2011
Anova Technologies said it is rolling out a technology that will encrypt trading instructions in under one millionth of a second.
The optical engineering firm said it is demonstrating the high-speed encryption technique, called OptiVault, at the 2011 FIA Options & Futures Expo.... READ MORE
Wallstreet and Technology
Oct 2011 Digital Issue
Anova speeds the fiber network between the NYSE and BATS.
The road between two of the world's largest equity exchanges just got faster. Anova Technologies, a provider of low-latency networks for high frequency and algorithmic trading clients... READ MORE
How is regulation driving technology in the derivatives space?
Interview answer with CEO, Michael Persico
Marketswiki.tv
August 2011
VIEW VIDEO
Build or Buy? What parts of trading technology are worth building and what are worth buying?
Interview answer with CEO, Michael Persico
Marketswiki.tv
August 2011
VIEW VIDEO
Securities Industry Blog
securitiestechnologymonitor.com
August 17, 2011
"Anova" sounds like one of those company names that was randomly generated by a computer - or a high-paid naming firm. How often have you yourself complained that all the good names for your latest venture have been taken?
But in the case of Chicago-based Anova Technologies there's a clear correlation with what it is trying to achieve, even if the meaning isn't readily apparent to most eyes at first blink...READ MORE
Low Latency Fiber Between NYSE and BATS Gets Faster
Wallstreet and Technology
wallstreetandtech.com
August 16, 2011
Anova Technologies said it will speed up the fiber network span between 300 Blvd East in Weehawken, NJ and 111 8th Ave. in New York City at the end of the month, connecting two of the largest equity exchanges, BATS and NYSE, located there.
Anova is a specialized customer fiber and low-latency network provider, focusing exclusively on HFT and algorithmic trading clients...READ MORE
Anova Technologies Unveils OptiWave Low Latency NJ/NY Trading Solution
Wallstreet and Technology
wallstreetandtech.com
March 3, 2010
Anova Technologies, a Chicago-based optical engineering and low-latency networking firm, has created a fiber platform, OptiWave, melding network management with micro-second speed.
The Chicago-based company said this addresses the speed that trading firms demand, coupled with an accessible price point and ease of deployment...READ MORE