Damaged Cables Cause India, Mid-East Latency

The incident, which occurred last Wednesday, Jan. 30, may have been caused by a ship's anchor severing two of the three undersea cables serving the region, reducing the normal 830 gigabits per second of bandwidth to just 205 Gbps.

One large bank in the Persian Gulf region experienced an outage of its Bloomberg service and as a result has scrapped plans to use a trading system hosted in London, according to a source familiar with the situation.

Meanwhile, Jordanian brokerage Indemaj, which uses