“We have the optimal balance between geographic footprint and depth of services. We can serve clients that have certain requirements on trading systems and network latency and who are looking to access the Israeli capital markets.”
Avelacom has increased its presence in Israel by partnering with the Tel Aviv Stock Exchange (TASE), setting up a new point-of-presence (PoP) in TASE’s primary data center.
The new PoP enables its clients to connect to the TASE systems and trade with the lowest latencies, which is desired by bank and non-bank institutions because low latency market access is a key component of enhanced trading performance.
Avelacom doubles down on Middle East, APAC, LATAM
Establishing a new PoP in TASE’s primary data center goes in line with Avelacom’s strategy to grow across exchanges in the Middle East, Asia Pacific and Latin America, and allow firms to trade across both developed and emerging markets and diversify their trading strategies.
Last year, the firm announced new optimized routes on its network to Istanbul (Bursa Istanbul), Riyadh (Saudi Stock Exchange, Tadawul), and Tel Aviv (Tel Aviv Stock Exchange, TASE) as part of its doubling down on its Middle East operations to encourage global traders to accelerate their presence in the region for continuous hedging and repositioning. The connectivity between New York and Tel Aviv is now at less than 117ms, round-trip delay.
Aleksey Larichev, CEO of Avelacom said: “We are pleased to be deepening our relationship with TASE, one of the most dynamic exchanges. With this partnership we have extended our capacity to provide low latency solutions. We have the optimal balance between geographic footprint and depth of services. We can serve clients that have certain requirements on trading systems and network latency and who are looking to access the Israeli capital markets.
Issac Nissan, Head of Strategic Products Development and International Relations at TASE, said: “We are proud to welcome Avelacom into the Israeli capital market, alongside other leading international institutions that benefit TASE’s co-location services. Avelacom’s cutting-edge solutions will allow investors worldwide easy and quick access to the trading on TASE. We look forward to seeing more international institutions partake in the Israeli capital market.”