As part of its continuing efforts to expand its network into Asia, Avelacom announced this Thursday that it is deploying a point of presence (PoP) at the Stock Exchange of Thailand’s (SET) data center facilities.
With the new PoP, when accessing Thailand’s financial markets, both sell-side and buy-side firms, interdealer brokers and market data vendors will have access to reduced latency and more direct connectivity options.
From Bangkok to some of the most popular trading venues via Avelacom’s network, the roundtrip latencies are 26 milliseconds from SET to Singapore, via the Singapore Exchange (SGX) and 39 milliseconds from SET to Hong Kong, through the Stock Exchange of Hong Kong Limited (HKEX).
The key driving motivator to establish this new PoP in Thailand is a growing interest in Asian markets from global capital market players, the statement said. In addition, the arbitrage opportunities for equity derivative products between SET and other major exchanges also played a factor in the decision.
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Avelacom Continues to Add PoPs in Asia
In recent months, Avelacom, the provider of connectivity and infrastructure solutions, has added a number of new PoPs throughout Asia. Most recently, the company launched a new one in Tokyo, making its total PoPs in the city three.
As Finance Magnates reported, the most recent location was at AT TOKYO Premium Colocation Space and was established to meet the growing demand from Avelacom’s clients operating or based in the Asia Pacific (APAC) region.
Commenting on the new PoP, Aleksey Larichev, the Chief Executive Officer of Avelacom said: “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.
“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.”