Avelacom sets up PoP in Singapore Exchange
A new point of presence (PoP) has been set up by Avelacom in Singapore Exchange’s SGX data centre.
Avelacom aims to improve the accessibility of low latency applications that are in high demand among hedge funds, trading firms and investments banks both within and outside the APAC region.
Avelacom claims that its network comprises of the most direct, low-latency fibre routes with Singapore. By leveraging its connectivity across major trading hotspots in Asia and beyond SGX’s members can potentially benefit from more diverse and reliable low-latency solutions including ultra-low latency market data delivery and order routing, cross-connect opportunities and cloud strategies.
Aleksey Larichev, Avelacom’s business development director said: “We are glad to be a part of SGX’s financial ecosystem and bring our low-latency expertise and variety of connectivity solutions. The partnership with SGX is a big step for us towards positioning Avelacom as one of the key service providers for the financial industry globally.”
Ng Kin Yee, head of market data & connectivity at SGX said: “We welcome Avelacom to our growing list of partners offering connectivity to international investors through SGX’s co-location. Avelacom will add to the diversity of our co-location community and enhance SGX’s role as the trading venue of choice for their clients.”