Telstra

Telstra leverages subsea network for low-latency financial trading

18 November 2020 | Melanie Mingas

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Telstra has unveiled a global financial trading solution to provide low latency connectivity directly to eight of the world’s most valuable futures and commodities marketplaces.

Telstra Octagon leverages Telstra’s low latency subsea network and direct exchange connections, giving organisations the ability to trade faster across key exchanges in the US, Asia and Australia.

It will benefit CME and ICE exchanges in the US as well Australia, Hong Kong, Singapore, Taiwan, South Korea and Japan. The platform can be customised for each organisation that chooses to implement it.

“The Telstra Octagon was designed to enable global financial trading firms to thrive in the hyper-competitive trading world of today where the difference between success and failure is measured in milliseconds,” said Nicholas Collins (pictured), president, Telstra Americas.

Billed as “state-of-the-art connectivity” Telstra said Octagon can help companies speed price discovery, risk analysis, smart order routing, flow and matching, trade execution and settlement.

Telstra Octagon is enabled by Telstra’s trans-Pacific subsea cable network. The Australian telco owns and operates the world’s largest subsea cable system with more than 250,000 miles of subsea cables globally, which currently carry nearly one third of all Asia-Pacific internet traffic.

“These are challenging and unprecedented times for global finance, and we believe that the Telstra Octagon will provide both established and upcoming organisations the ability to trade faster across key exchanges between North America and the dynamic markets in the Asia-Pacific region,” Collins added.