Avelacom enters into DGCX partnership
Russian low-latency network operator Avelacom has entered into a partnership with Dubai Gold & Commodity Exchange (DGCX).
Avelacom will provide DGCX members with added connectivity choices and infrastructure solutions, expanding options for the financial services industry to speed up their trading and identify new arbitrage trading opportunities across key financial and commodity derivatives markets.
The architecture of Avelecom will include additional bandwidth with low latency, high frequency trading hosting services and colocation in close proximity to exchange matching engines. Customers can gain faster access to international markets via Avelacom’s ready-built 30,000 miles global fibre infrastructure.
Due to its close proximity to DGCX trading platform Avelacom’s new node in Dubai has helped facilitate a significant reduction in latency (RTD) to a wide range of global destinations. Avelacom says the best-in-market ultra-low latency routes between DGCX and the most popular trading venues have been updated as follows to reflect the latest changes:
• Chicago (Aurora): 170,16ms
• London (Interxion): 98,4ms
• Mumbai (BKC): 27,8ms
• Singapore (SGX): 78,9ms
“We are excited to extend our footprint into Dubai. DGCX is one of the most dynamic derivatives exchange in the Middle East and we see plenty of scope for further development,” said Aleksey Larichev, managing director of Avelacom.
“We intend to service the requirements of our existing client base as well as to win new business in the Middle East because of the rising demand for low latency connectivity and infrastructure solutions for trading.”
Gaurang Desai, CEO of DGCX, added: “We are very happy to welcome Avelacom as a connectivity partner. Our partnership with Avelacom continues to endorse our commitment to offer our members global access to the world’s leading trading technology solutions. This enhances our global connectivity which we have been steadily expanding vide our alliances over the last few years.”
The news comes after Avelacom launched a point of presence for Moscow Exchange (MoEx) access and the operator set up a PoP in Singapore Exchange’s SGX data centre.