Chi-X Japan Selects KVH Low-latency Services for New Trading Platform
Chi-X Japan Limited (Chi-X Japan) and KVH Co., Ltd. (KVH) announced August 18 that Chi-X Japan has selected KVH low-latency network connections and proximity hosting services for its new equities trading platform. Trading on the Chi-X Japan platform commenced on July 29, 2010.
By leveraging KVH’s full-redundancy networks and highly reliable and secure data centers, market participants will be able to place their trading systems as close as possible to Chi-X Japan’s central matching engine and trade a wide range of Japanese equities through low-latency connections. Chi-X Japan’s trading platform is based on its low-cost, streamlined global model and allows participants to significantly reduce costs and improve execution performance.
Joseph Meyer, Representative Director of Chi-X Japan said, “Chi-X Japan believes that our high-speed platform and proven world-leading technology will greatly contribute to a more efficient trading environment, benefiting all participants in Japan. KVH’s low-latency services and its expertise in the financial services sector are important components in delivering to Japanese investors our fast, low-cost, innovative trading performance.”
Miyuki Suzuki, President and CEO of KVH, said, “We are pleased that KVH services can support Chi-X Japan and its innovative low-cost and high-speed model for the trading community in Japan. With KVH’s services, Chi-X customers can benefit from both our ultra low-latency connectivity and high quality services for high-performance trading. Focusing on electronic trading needs, KVH continues to enhance its service performance to help energize the financial market.”