Avelacom, a high-performance networking and IT infrastructure provider for the financial services industry, is expanding its reach in Asia with a new a point of presence at The Stock Exchange of Thailand (SET).
The new PoP at the SET's data center facilities will provide lower latency connectivity as well as more direct connectivity options for traders, brokers and market data vendors.
For example, it will offer a roundtrip latency of 26ms between the SET and the Singapore stock exchange, and 39ms between the SET and the Hong Kong stock exchange.
Avelacom CEO Aleksey Larichev said the expansion has been motivated by growing interest in Asian markets from global capital markets players, as well as the prospect of new arbitrage opportunities for equity derivative products between SET and other major exchanges worldwide.
“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,” he said.
“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.”