Avelacom found that the small markets in the region were not sufficiently covered by third-party providers.
Avelacom has announced new optimized links on its network to Istanbul (Bursa Istanbul), Riyadh (Saudi Stock Exchange, Tadawul) and Tel Aviv (Tel Aviv Stock Exchange, TASE).
The low-latency connectivity, IT infrastructure and data solutions provider is doubling down on its operations in the Middle East to encourage global merchants to accelerate their presence in the region for continued coverage and repositioning.
Riyadh, Tel Aviv, Istanbul
Aleksey Larichev, CEO of Avelacom, said, “As a connectivity provider for the financial services industry, we need to identify emerging trends quickly. This allows us to connect to growing trading platforms using our integrated, ready-to-use low latency infrastructure and established partnerships. This is how we see our leadership role: bringing the lowest latencies and network performance benchmarks to new markets. »
The new trends in financial markets mainly concern commodities and energy asset classes, which performed very well in 2022 against the backdrop of the Russian invasion of Ukraine and the geopolitical response to it. Financial services firms are looking for new opportunities and new markets in which to trade these asset classes.
Avelacom found that the smaller markets in the region were not sufficiently covered by third-party vendors who brought low-latency solutions and tools to these markets.
This has been an opportunity for the connectivity provider to act as a forerunner and optimize latency across the region to attract financial services companies that operate algorithmic transactions and require low latency network infrastructure and out-of-the-box managed services.
The new connectivity portfolio includes three flagship routes:
London Riyadh with less than 80ms*, round trip delay,
New York Tel Aviv with less than 117ms*, round-trip delay,
Frankfurt Istanbul with less than 32 ms* round-trip delay.
Access to Japanese stocks, commodities, derivatives
Earlier this year, Avelacom launched colocation and network services for Japan Exchange Group (JPX), enabling financial services institutions to directly access JPX’s stock, commodity and derivatives exchanges and markets.
JPX’s infrastructure – comprising the Tokyo Stock Exchange (TSE), Osaka Stock Exchange (OSE) and Tokyo Commodity Exchange (TOCOM) – is now an integral part of Alevacom’s proprietary ultra-low latency network.
Avelacom sees Japan as one of its most strategic markets and for this reason the connectivity solutions provider has strengthened its presence in Tokyo over the past four years.
The company’s expansion in Japan included an authorization from the Japanese authorities to provide telecommunications services, the opening of a branch in Tokyo to be able to serve customers in Japanese, the launch of more points of presence (PoP) in several data centers across the country, as well as the Tokyo subway network.