Financial Technology

Financial Technology

November 02, 2012

Anova Technologies Achieves New Jersey CLEC Certification

Anova Technologies recently announced that it has achieved New Jersey CLEC (Competitive Local Exchange Carriers) certification. The company, which is a pioneering force within the ultra-low latency exchange connectivity space; maintains the vision of zero overhead, real-time transportation of all trading data across the globe. With this certification, Anova Technologies is one step closer to fulfilling that vision.

In a statement, Michael Persico, CEO and founder of Anova Technologies, said that, “This certification guarantees us access to construct as necessary per our designs. Over the next months you are going to see us significantly broaden our network in the East Coast Region.”

CLEC was essentially established by competitive access providers that specialized in delivering services in competition with ILECs (Incumbent Local Exchange Carriers) during the mid 1980’s. After nearly two decades, the Telecommunications Act of 1996 passed.

This effectively cemented and transformed what was just a simple state-by-state authorization process at that time into a uniform national law. With the passing of the Act the barriers typically associated with entry were addressed and it became easier to deliver ILEC services. This eventually led to the formation of CLECs. Now having achieved the CLEC certification, Anova will be able to quickly expand its capabilities and enhance its lowest latency infrastructure for establishing connectivity between global financial markets.

Michael Persico said that, “Although we didn’t set out to build a telecommunications company, it’s the inevitable evolution of addressing our clients’ needs. We’ve married engineering prowess with carrier access to create our own unique offering through a new brand of company. We’ve become a “telegineering” firm… which in our opinion, is the best of both worlds.”

Advantages of CLEC certification include - peer wholesale relationship with ILECs; easy arbitration in front of public utility commissions and the FCC (News - Alert); permission to build networks in public and private rights of way; and gaining access to carrier class services and UNEs typically not available to retail customers.

Edited by Brooke Neuman

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