About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

McKay Brothers Launches Ultra-Low Latency Network Between New Jersey and Toronto

Subscribe to our newsletter

Low-latency networking specialist McKay Brothers has deployed its latest wireless network connecting key equity exchanges in New Jersey, USA, and Markham, Ontario, Canada, offering the lowest known latency for private bandwidth between the two centres. The network connects the New York Stock Exchange (NYSE) in Mahwah, New Jersey, and TMX Group’s exchanges in Markham, with a one-way latency of less than 1.754 milliseconds.

The proposition is particularly compelling for market makers of cross-listed securities, says McKay co-founder Bob Meade, in conversation with TradingTech Insight. “There’s interest in ADRs, CDRs, and cross-listed stocks, as well as interest in ETFs,” he says. “Of course, as a network service provider, we don’t know what proportion of the bandwidth is being used for specific trading activities, whether stocks or ETFs. But it certainly seems that there’s interest in both, and demand is pretty evenly split between Canadian-domiciled banks and US market makers.”

The new network is a continuation of McKay’s commitment to enhancing Canadian market services, evidenced by their March launch of a similar low-latency service from the CME in Aurora, Illinois, to TMX in Markham.

Since 2012, McKay Brothers has been dedicated to transforming the market for low-latency telecom services in financial trading, with networks operational across North America, Europe, and Asia. The company’s expansion into transpacific connectivity was marked by a network established last year, linking the CME with major trading hubs in Tokyo, Shanghai, Hong Kong, and Singapore.

McKay’s sister company, Quincy Data, plans to offer a market data service between the two locations in the near future. “We started with the bandwidth product, but we’re going to add market data products probably in the next couple of months,” says Meade, adding that Quincy Data has been providing the fastest market data service from CME to TMX via its QED platform since 2022.

In terms of future plans, Meade says that the company takes a somewhat practical approach to building its low latency routes. “It often comes down to crew availability,” he says. “We build all these networks, we hire crews. And there are always interesting lower-volume routes that are on the list of things we’d like to do when we have time and when the crews are finished with the other stuff.”

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Data platform modernisation: Best practice approaches for unifying data, real time data and automated processing

Financial institutions are evolving their data platform modernisation programmes, moving beyond data-for-cloud capabilities and increasingly towards artificial intelligence-readiness. This has shifted the data management focus in the direction of data unification, real-time delivery and automated governance. The drivers of this transition are improved operational efficiency as manual processes are replaced by faster, more accurate automated...

BLOG

Bloomberg BQuant Wins A-Team AICM Best AI Solution for Historical Data Analysis Award

When global markets were roiled by the announcement of massive US trade tariffs, Bloomberg saw the amount of financial and other data that runs through its systems surge to 600 billion data points, almost double the 400 billion it manages on an average day. “These were just mind-blowingly large volumes of data,” says James Jarvis,...

EVENT

TEST Event page 2

Now in its 15th year the TradingTech Summit London brings together the European trading technology capital markets industry and examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions.

GUIDE

The Data Management Implications of Solvency II

Bombarded by a barrage of incoming regulations, data managers in Europe are looking for the ‘golden copy’ of regulatory requirements: the compliance solution that will give them most bang for the buck in meeting the demands of the rest of the regulations they are faced with. Solvency II may come close as this ‘golden regulation’:...