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Anova Financial Networks company logo
Corporation
MOBILE & TELECOMMUNICATIONS | Telecom Services / Wireless
anovanetworks.com

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Partners & Customers

3

About Anova Financial Networks

Anova Financial Networks is a carrier that offers wireless and fiber connectivity as well as market data distribution across all asset classes. Anova Financial Networks delivers an ultra-low latency, high availability wireless fiber capacity to both established and emerging markets.

Anova Financial Networks Headquarter Location

205 N. Michigan Ave Suite 4230

Chicago, Illinois, 60601,

United States

312-540-9594

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Anova Financial Networks Web Traffic

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Latest Anova Financial Networks News

Anova Financial Networks : Launches Next Generation 10Gbps Wireless Platform

Jun 2, 2021

06/02/2021 | 08:31am EDT Message : *Required fields CHICAGO, June 2, 2021 /PRNewswire/ --   Anova Financial Networks , an international carrier and market data provider, announces today that it has successfully launched an end-to-end, full 10Gbps wireless solution from NY4 in Secaucus to NY11 in Carteret, a critical leg of the New Jersey Equity Triangle that connects the U.S. equity marketplaces. Proprietary technology provides bandwidth opportunities and the only 10Gbps wireless system between key financial hubs Anova's capacity-dense wireless backbone is a first-of-its kind, with previous inter-exchange wireless systems topping out at 3Gbps or 7Gbps. A significant upside of the extreme bandwidth Anova has deployed is that customers can now acquire dedicated 1Gbps services. These larger increments provide a reduction in serialization delay, as well as the ability to subscribe to more symbols than ever before, which allows for more strategies to utilize wireless market data and its myriad of benefits. "There's certainly been much ado about latency, but capacity is now becoming acutely important in a wireless system, particularly in regards to the transport of market data to away exchanges," said Mike Persico , Founder and CEO, Anova Financial Networks. "Specifically, market volatility and ever-increasing feed sizes have rendered the traditional wireless networks incapable of handling today's traffic, and customers are seeing the downside of that." In response to this nascent development, Anova has invested heavily in its proprietary wireless platform, upgrading the backbone capacity from a native 2Gbps all the way to 10Gbps on a single network, all without spectral muxing overhead or sensitive modulations and frequencies. "At Anova, we plan to increase the capacity between these two central trading hubs to 20Gbps with a second deployment. This is truly the next generation of wireless networks: fiber-like capacity coupled with over-the-air latency," said Persico. "As a complement to the increased capacity, we have also deployed our internally developed Self-Healing FPGA application," said Kieran Athy, CTO of Anova. "Our proprietary application monitors the wireless backbone and in the event a single packet is dropped over that transport medium, Anova is able to replace the missing packet from its fiber service. This is critical for trading desks that need client orders to get to the matching engine every time or market makers whose systems are gap intolerant. Anova continues its commitment to leveraging our decades long experience developing and delivering products to this marketplace." For more information about Anova Financial Networks, please call 516-567-6383, email info@anovanetworks.com  or visit www.anovanetworks.com . About Anova Financial Networks Anova Financial Networks is the only global carrier that offers wireless and fiber connectivity, as well as market data distribution across all asset classes. Anova's innovative proprietary technologies and client-centric approach enable the company to deliver secure and reliable solutions for banks, trading firms and exchanges worldwide. To learn more, visit www.anovanetworks.com and follow Anova on LinkedIn and Twitter @AnovaNetworks . Media Contact:

Anova Financial Networks Acquisitions

2 Acquisitions

Anova Financial Networks acquired 2 companies. Their latest acquisition was Next Century Spirits on October 18, 2018.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

10/18/2018

Loan

$9.85M

Spinoff / Spinout

1

2/8/2016

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$99M

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10

Date

10/18/2018

2/8/2016

Investment Stage

Loan

Companies

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Valuation

Total Funding

$9.85M

$99M

Note

Spinoff / Spinout

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Sources

1

10

Anova Financial Networks Partners & Customers

3 Partners and customers

Anova Financial Networks has 3 strategic partners and customers. Anova Financial Networks recently partnered with Seaborn Networks on October 10, 2019.

Date

Type

Business Partner

Country

News Snippet

Sources

10/24/2019

Partner

Seaborn Networks

United States

Seaborn Networks and Anova Financial Networks Partner to Provide the Fastest Path to Trade Between Chicago, USA and São Paulo, Brazil - Anova Financial Networks

Boston , USA -- October 24 , 2019 -- Seaborn Networks , a leading developer-owner-operator of transoceanic subsea fiber optic cable systems , and Anova Financial Networks , an international carrier and market data provider , announced today the formation of a strategic alliance to provide the first ultra-low latency fiber connection between the financial centers of São Paulo , Brazil and Chicago , USA .

1

7/16/2019

Partner

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10

10/16/2018

Partner

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10

Date

10/24/2019

7/16/2019

10/16/2018

Type

Partner

Partner

Partner

Business Partner

Seaborn Networks

Country

United States

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News Snippet

Seaborn Networks and Anova Financial Networks Partner to Provide the Fastest Path to Trade Between Chicago, USA and São Paulo, Brazil - Anova Financial Networks

Boston , USA -- October 24 , 2019 -- Seaborn Networks , a leading developer-owner-operator of transoceanic subsea fiber optic cable systems , and Anova Financial Networks , an international carrier and market data provider , announced today the formation of a strategic alliance to provide the first ultra-low latency fiber connection between the financial centers of São Paulo , Brazil and Chicago , USA .

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Sources

1

10

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Anova Financial Networks Team

1 Team Member

Anova Financial Networks has 1 team member, including current Founder, Chief Executive Officer, Michael Persico.

Name

Work History

Title

Status

Michael Persico

Founder, Chief Executive Officer

Current

Name

Michael Persico

Work History

Title

Founder, Chief Executive Officer

Status

Current

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