London’s money traveling at the speed of sewage?

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Traders in London’s financial hub could soon be making use of sewers to do their business thanks to ultra low latency fibre networking.

Fibre network specialist Geo has developed Geo.TradeNet, a deeply-buried optical fibre network, which enables workers to transfer data between offices and exchanges in the shortest and quickest way possible.

Because the network is deeper underground than conventional providers, there is less chance of disruption and, because the pipes are already there, the company can minimise its installation costs and times, according to Geo.

“Split second responsiveness can be a critical factor in making and losing money on today’s highly automated stock markets. Investment banks, stockbrokers and funds need to process market updates and turn around orders within milliseconds. Their very profitability depends upon their ability to react to market events faster than the competition,” said Chris Smedley, Geo’s chief executive, in a statement.

“This means they need a network that offers ultra low latency. Geo’s sewer-based network offers financial sector customers a much more reliable and secure fibre connection, at a cost-effective price.”

High-speed connectivity is something most businesses need, but not all can either access it or afford it. Earlier this week, Virgin Media kicked off a 200Mbps super fast broadband pilot in Kent.

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