Avelacom has launched its low latency network, market data, and Infrastructure-as-a-Service (IaaS) solutions for B3’s market participants, who now will be able to access high capacity trading link options and IT resources, with better control of Total Cost of Ownership (TCO), without any compromise in data speed.
With the new point of presence (PoP) in B3’s data center, Brazil’s stock exchange will now be able to provide buy- and sell-side firms improved connections to manage their costs and be confident in the robustness of network systems as trading volumes and volatility increase.
Avelacom is providing a robust and sustainable, broker-neutral environment for all market participants that handles large volumes of real-time market data streams and the high number of updates. The solutions cover all B3 asset classes, including equities, commodity, FX and derivatives, as well as provide cross-asset trading opportunities among major global exchanges in the North America, EMEA and APAC regions.
Aleksey Larichev, CEO of Avelacom said: “B3 is one of the world’s largest exchanges and we are thrilled to join its global trading ecosystem. It is a great strategic step for us to expand our geographical presence and help to provide a broad institutional investor community access to Brazilian capital markets. With increased volatility, there is new investor interest in Brazilian markets, and we are providing convenient solutions for clients as they explore these opportunities.”
Adolpho Bianchi, Head of Information and Technology Products and Services at B3, said: “We are really pleased and happy with the partnership. Non-resident investors now have a new option to trade Brazilian assets with efficiency, speed and security.”
Avelacom has recently stated in a report that London is the largest global cloud-based infrastructure center for cryptocurrency trading activities. It claims that more than 30% of its clients are currently using its AWS London center for cryptocurrency trading activities and that the boom in demand for the same began since the start of the year. At the current rate of expansion and demand for the service, Avelacom expects that more than 50% of its clients will be using its service for crypto trading activities within the next couple of months, the report added.
In March, Avelacom announced that its low latency network has seen unprecedented growth, with a 35% increase in volume of data transferred between exchanges in March, with a significant upsurge of demand from FX and cryptocurrency trading clients.