Avelacom

Avelacom’s Network Faces Unprecedent Growth Amid Covid-19 Pandemic

Crypto Exchanges - Unprecedent GrowthAvelacom has 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. This spectacular demand as participants use high-speed strategies to keep pace with the extreme market movements  amid the COVID-19 pandemic.

Aleksey Larichev, Chief Executive Officer of Avelacom said: “Investors lose money when they lack knowledge of the market. There are lots of risks to consider in relation to this extremely volatile period that is spread across global markets. Our aim is to help financial services firms to get through all those price movements successfully, optimize the way they trade and get the best price when buying or selling financial assets.”

Markets have tumbled since late February 2020, with the S&P 500 losing about one-third of its value. The VIX Index has spiked to levels only
seen before during the 2008 financial crisis. High-speed strategies from banks, hedge funds, asset managers, broker-dealers and proprietary trading firms all require high-speed price discovery and immediate execution to take advantage of any price movement. Avelacom’s low latency network facilitates this trading.

The firm’s latency metrics – round-trip delay – between APAC <> North
America <> Europe are the following:

– London, Equinix’s LD4 <> Tokyo, ATTokyo 142.1ms,

– Hong Kong, HKEX <> Equinix’s FR2 144ms,

– Dublin, AWS <> Tokyo, AWS 152.1ms,

– Chicago, ICE/Bakkt markets <> Hong Kong, Alibaba 161.31ms.

The company’s strength comes from its global network that connects to 80+ liquidity sources offering best-in-market latencies and 99.9% uptime. Avelacom’s points-of-presence are located in all major data centers and connected to AWS, Alibaba and Azure clouds. The firm has most recently launched a new point of presence in Ashburn, Virginia which has direct connectivity to Amazon AWS US-East-1 region. This came as part of its expansion strategy in the North American market region with primary focus on cryptocurrency sector clients. This is
the most sought after route in today’s market for cryptocurrency arbitrage – AWS Ashburn to AWS Dublin – and is provided with a round
trip latency of 65.3ms.

Avelacom currently has more than 80 active PoP’s across the globe with which it connects a wide range of exchanges and financial service providers. Some of its most popular AWS low latency PoP locations include Dublin, London, Frankfurt, Tokyo, and Hong Kong.