Florida is rapidly emerging as a major hub for financial services companies, with Miami ranking number seven in the US and 24 worldwide in the 34th edition of the Global Financial Centers Index. As more financial professionals relocate their businesses to “Wall Street South,” robust and reliable connectivity has never been more important. Zayo is at the forefront of this transformation — investing in infrastructure that will connect what’s next for our customers seeking to start, expand, or relocate their businesses to this growing hub.
Our recent partnership with Miami International Holdings, Inc. (MIH) underscores our commitment to financial services customers and our dedication to supporting Florida’s growth as a key player in the financial industry.
MIAX Sapphire Lights Up With Zayo’s High-Performance Network
Zayo will provide connectivity to MIAX Sapphire, Miami’s first national securities exchange and trading floor, set to open in 2025. MIAX Sapphire will focus on electronic trading and a physical trading floor, which requires a high-performance, reliable network infrastructure. Zayo’s Wavelengths service will provide the exchange with 99.999% uptime and ultra-high bandwidth on a resilient, tier-1 network.
MIH, a longtime Zayo customer, knew Zayo’s extensive fiber footprint provided the diverse routes required to power financial institutions. This paired with MIH and Zayo’s overlapping customer base made Zayo a natural choice for lighting the MIAX Sapphire physical trading floor. With our fiber already lit in the MIAX Sapphire trading floor, no new infrastructure is needed, ensuring a seamless, on-net experience. Financial firms in MIAX will benefit from hassle-free access to Zayo’s industry-leading 10G waves services, providing them with the high-bandwidth connectivity essential to their daily operations.
“Zayo’s extensive fiber footprint makes it an essential network provider to connect to the MIAX Sapphire physical trading floor,” said Matthew J. Rotella, Executive Vice President and Chief Technology Officer of MIH. “Our collaboration with Zayo will provide market participants on our next-generation trading floor with access to the reliable, high-speed, secure connectivity they need to compete in the U.S. options market.”
Zayo’s extensive network spans 13 major financial exchanges, including the renowned Spread Network, which provides the lowest latency route between New York and Chicago, crucial for high-frequency trading and financial transactions. Our network is designed to offer high-capacity bandwidth on the quickest and most direct routes. This connectivity is essential for linking key financial exchanges and institutions, ensuring seamless and rapid data transfer that supports the demands of modern financial markets. By prioritizing speed and efficiency, Zayo helps financial institutions maintain a competitive edge in the fast-paced world of trading.
Zayo’s Ongoing Commitment to the Financial Sector
Zayo’s foresight in anticipating the future network needs of the financial services sector is driven by our commitment to connecting what’s next for our customers. By continuously evaluating emerging trends and building infrastructure where the needs are, we are strategically expanding our network to accommodate the explosive growth of data and connectivity demands. This forward-thinking approach ensures Zayo remains at the forefront of enabling financial service companies to thrive in an increasingly digital and interconnected world.
Our infrastructure supports over 1,000 financial services customers and roughly $1 trillion daily transactions. We prioritize serving the financial sector by offering high-speed, low-latency routes vital for financial operations in key financial markets. With Zayo, financial institutions gain access to diverse route offerings you won’t find with other providers.
Key Advantages for Financial Customers
- Scalable Solutions: Our network solutions are designed to seamlessly adapt to market dynamics and economic shifts while accommodating growing bandwidth requirements.
- Low Latency: Our low-latency connections can be an added advantage, offering a faster and more efficient trading environment on a reliable network.
- Expansive Global Network: Our network spans 13 high-traffic financial exchanges, including Spread Networks, the lowest latency route between New York and Chicago, connected through Zayo-owned fiber.