Avelacom Opens New Singapore Office, Eyes Collaboration with Crypto Space

Avelacom expects Singapore office to offer collaboration opportunities with the cryptocurrency exchanges in the region.

Avelacom, a provider of connectivity and infrastructure ‎solutions, on Tuesday announced the opening of its new Singapore office to support the growing Asia Pacific market, which generated a double-digit growth over the last year, the company said in a statement.

The new presence aims to improve the accessibility of its low latency applications that are in high demand among hedge funds, trading firms, investments banks both within and outside the APAC region.

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Avelacom also expects Singapore office to offer collaboration opportunities with the cryptocurrency exchanges in the region as they implement professional-grade IT infrastructure used by established financial markets. As a result, the Asian crypto community can benefit from diverse low-latency solutions, including market data delivery and order routing, cross-connect opportunities and cloud strategies.

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Gabriel Bassas Installed as Head of New Office

Avelacom’s network stretches over 30,000 miles of long-haul fiber routes across Europe, Russia, Asia, North ‎America, South Africa, and Australia. The company uses ‎‎100 Gbps coherent DWDM technology upgradable to 400 ‎Gbps, providing an array of products which are available ‎in more than 25 major trading venues and include ‎superfast fiber routes to emerging markets, at-exchange ‎co-location, ultra-low latency market data delivery and ‎order routing, managed dedicated servers hosting, ‎financial cloud, and other ready-to-trade solutions.‎

The office will be headed by Gabriel Bassas, Avelacom’s VP of APAC sales. In his new role, Gabriel will build on his knowledge of client and partner needs, as he was already tasked with the company’s business development globally, based out of London.

Commenting on his appointment, Gabriel Bassas, said, “Moving to Singapore and the APAC region presents a significant opportunity for Avelacom to grow both revenues and market share. I have already seen the client demand for our services in Asia, as trading institutions manage their geographic considerations in terms of latency, availability and cost.”

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