Avelacom, a provider of connectivity and infrastructure solutions to IT/telecom companies, has signed an agreement to become a CME Group market data distributor allowing Avelacom to provide real-time, delayed and end-of-day data.
The move means that capital market companies located in 30 countries across Europe, Russia and Asia will now be able to access the world’s leading and diverse derivatives market data.
Reliable Market Data
Commenting on the partnership, Aleksey Larichev, Avelacom Global Business development director, said: “We are delighted to announce our status as a distributor of CME Group market data, which enables us to add value to the trading community by delivering reliable market data around the world. Our distribution agreement with CME Group is completely in line with our long-term strategy to build a diversified portfolio and provide one-stop-shopping solutions that clients in the financial industry demand.”
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Avelacom will deliver CME Group market data via its global, reliable low latency network. Because of its strong presence in China, India, Indonesia, the Middle East, Western Europe and Russia, Avelacom’s market data services will be of interest especially to those with emerging markets portfolios.
As an example, a guaranteed round-trip-time between one of the most demanded destinations Shanghai – Chicago (Aurora) is now reported as 152.5 milliseconds.
Avelacom’s global network is based on 100G coherent DWDM technology and covers Western Europe, Nordics, Baltics, Eastern Europe, Russia and Asia. With 45 points of presence across 30 countries, Avelacom’s portfolio includes low latency and regular connectivity, cloud solutions, virtual and dedicated infrastructure, and network management services.