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Avelacom Announced PoP at Thailand’s SET Exchange

Avelacom PoPAvelacom has deployed a PoP (point of presence)  at The Stock Exchange of Thailand’s (SET) data center facilities in order to reduce latency and improve traffic for sell-side and buy-side firms, inter-dealer brokers and market data vendors who wish to directly access Thai markets.

The high-performance global connectivity and IT infrastructure provider for the financial services industry has found a growing interest in Asian markets from global capital markets players who look for equity derivative products between SET and other major exchanges.

According to the company, the roundtrip latencies to Bangkok from the Singapore Exchange (SGX) through the network are 26 ms. From Hong Kong Exchange (HKEX), latencies are of 39 ms. Low latency execution is required for the planned growth of intra-regional trading activity.

Aleksey Larichev, CEO of Avelacom, commented: “Avelacom’s network has always been intended to serve latency sensitive clients by working with international institutions, accessing emerging markets, particularly on Asian trading venues. A PoP in Thailand further enhances our Asian presence and provides our clients with low-latency access to yet another growth market. We hope this will bring more global clients to SET and positively influence the exchange trading volumes.”

Alevacom’s ultra-low latency network links to 80+ trading venues globally and is dominant in emerging markets provides clients, facilitating cross-border and multi-asset trading for some of the largest trading firms in the world.

The trading connectivity firm helps financial services firms to setup at trading venues and quickly access growing markets across APAC, the Middle East, Europe, and Americas, and benefit from multi-asset class trading, including equity, commodity, FX, crypto, and derivatives.

The company opened a new office in Singapore in response to the significant business growth in the Asia Pacific region. In 2017, Avelacom registered double-digit growth in new business volumes coming from APAC.