LONDON, June 30, 2011 /PRNewswire/ --
Route is Part of Level 3's Ultra-Low Latency Network Interconnecting Top Financial Centres in Europe and the U.S.
Level 3 Communications, Inc. (NASDAQ: LVLT) today announced it has been selected to provide ultra-low-latency transport services from London to Stockholm by QuantHouse, a global provider of end-to-end systematic trading solutions. The route, which was recently added to Level 3's portfolio of low-latency offerings, provides financial services customers high-speed connectivity and lower transmission delays between Europe's largest trading market and the growing financial market in Stockholm.
"Our customers are some of the most technologically sophisticated and demanding in the financial services market - they expect the best and most reliable services in order to give them an edge," said Pierre Feligioni, CEO of QuantHouse. "With Level 3's low-latency routes, we can provide a more complete and competitive portfolio to these customers."
QuantHouse's services help market makers, proprietary trading desks and latency-sensitive sell-side firms to leverage the advantages of ultra-low-latency market data technologies, algorithmic trading development framework, proximity hosting and order routing services. The company is using Level 3's transport solution to provide customers with ultra-low latency access from London to Stockholm using QuantHouse's own algorithmic trading solution.
Level 3's low-latency route service portfolio allows customers like QuantHouse to connect from all of Europe's top financial centres via nine different European route options. The company additionally provides high-speed connectivity from Europe to the top U.S. financial centres.
"Our customers not only want the fastest connectivity, they want the flexibility to easily reach the market of their choice, using the most advanced technology possible with as little risk as possible," said James Heard, president of European Markets. "The addition of the London-to-Stockholm route is a perfect example of Level 3's commitment to helping our financial services customers connect quickly and reliably to more of the world's key financial destinations - all on one of the world's largest Internet backbone networks."
As a result of its network scale, Level 3 has the unique ability to manage and optimize the delivery process from end-to-end. Transactions on the routes are further backed by network redundancy and stringent service level agreements (SLAs) relating to performance on the Level 3 network. For more information on Level 3's ultra-low-latency services and routes in Europe please visit http://www.level3.com/Solutions/business-need/low-latency.aspx.
About Level 3 Communications
Level 3 Communications, Inc. (NASDAQ: LVLT) is a leading international provider of fiber-based communications services. Enterprise, content, wholesale and government customers rely on Level 3 to deliver services with an industry-leading combination of scalability and value over an end-to-end fiber network. Level 3 offers a portfolio of metro and long-haul services, including transport, data, Internet, content delivery and voice. For more information, visit http://www.Level3.com. Level 3 services are provided by wholly owned subsidiaries of Level 3 Communications, Inc.
Some of the statements made in this press release are forward looking in nature. These statements are based on management's current expectations or beliefs. These forward looking statements are not a guarantee of performance and are subject to a number of uncertainties and other factors, many of which are outside Level 3's control, which could cause actual events to differ materially from those expressed or implied by the statements. The most important factors that could prevent Level 3 from achieving its stated goals include, but are not limited to: the current uncertainty in the global financial markets and the global economy; a discontinuation of the development and expansion of the Internet as a communications medium and marketplace for the distribution and consumption of data and video; and disruptions in the financial markets that could affect Level 3's ability to obtain additional financing. Additional factors include, but are not limited to, the company's ability to: increase and maintain the volume of traffic on its network; develop effective business support systems; manage system and network failures or disruptions; develop new services that meet customer demands and generate acceptable margins; defend intellectual property and proprietary rights; adapt to rapid technological changes that lead to further competition; attract and retain qualified management and other personnel; successfully integrate acquisitions; and meet all of the terms and conditions of debt obligations. Additional information concerning these and other important factors can be found within Level 3's filings with the Securities and Exchange Commission. Statements in this press release should be evaluated in light of these important factors. Level 3 is under no obligation to, and expressly disclaims any such obligation to, update or alter its forward-looking statements, whether as a result of new information, future events, or otherwise.
Contact Information Media: Investors: Monica Martinez Mark Stoutenberg +1-720-888-3991 +1-720-888-2518 Monica.Martinez@Level3.com Mark.Stoutenberg@Level3.com
SOURCE Level 3 Communications, Inc.