Trans-Atlantic Cable to Speed Execution of Strategies Explained at High-Frequency Trading Experts Workshop 2010 in Hong Kong and New York

Hong Kong, Hong Kong S.A.R., October 17, 2010 --(PR.com)-- Hibernia Atlantic announced plans to build a new trans-Atlantic communications cable aimed at high-frequency stock traders, shaving 500 kilometers (310 miles) from the shortest existing route and cutting execution times by about 8%, a tremendous improvement for traders attending High-Frequency Trading Experts Workshop 2010 (http://www.HFTExpertsWorkshop.com), "Practical Implementation of High-Frequency Trading Strategies", instructional and insightful 2-day workshop organized by Golden Networking in Hong Kong, November 22 & 23 and New York, December 9 & 10.

The Wall Street Journal's Doug Cameron and Jacob Bunge reported that "the company aims to start construction next spring and complete the 6,000-kilometer (3,720-mile) cable running from Somerset in southern England to Halifax on Canada's eastern seaboard by mid-2012. Hibernia Atlantic, a unit of Columbia Ventures Corp., a Canadian telecom investment firm, declined to detail the cost of the project, which Mr. Saunders said was in the range of "hundreds of millions of dollars."

"Technology-driven trading firms are estimated to make up about two-thirds of daily trading activity in U.S. stock markets and are ramping up growth in overseas venues. Intense competition to harvest profits from often tiny movements in the price of securities and derivatives has driven speed-sensitive banks and trading houses into new exchange-backed data centers promising the fastest possible trade executions, and toward low-latency connections like those developed by Hibernia and Spread Networks. Such links help inform trading programs that need to consider market data coming out of two separate locations, according to Kevin McPartland, senior analyst with market research firm Tabb Group."

High-Frequency Trading Experts Workshop 2010 is produced by GoldenNetworking.net (http://www.goldennetworking.net), the premier networking community for business executives, entrepreneurs, investors and diplomats, founded by former McKinsey consultant and Columbia Business School MBA Edgar Perez.

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