KVH to Expand Ultra Low Latency Network to ASX’s New Data Center
The Australian Securities Exchange (ASX), the leading securities exchange in Australia and a subsidiary of the ASX Group, and KVH Co., Ltd. (“KVH”), Asia’s leading information delivery platform providing integrated cloud and network solutions, announced December 8 that KVH will expand its ultra low-latency network for the financial services community to Sydney by adding a new network point of presence
(POP) at ASX’s new data and co-location center – the ASX Australian Liquidity Centre (ALC). This new Tokyo to Sydney route will be operational on February 6, 2012 and offer expected latency below 100 ms, which will be one of the fastest networks between these locations in the market today.
The ALC is a purpose-built, state-of the-art data center located five kilometers to the north of the Sydney CBD, designed to meet the demands of ASX participants and service providers for the lowest latency access to ASX execution and information services. The ALC will allow ASX to greatly extend the availability of hosting services to ASX participants, vendors and the broader financial market community. By having POPs at ALC and KVH Tokyo Data Center 1 (TDC1), one of the largest proximity hosting centers for HFT in Japan, the new route will enable domestic and international trading participants to have ultra low latency access to major stock exchanges including ASX with superior speed and scalability.
Mr. David Raper, ASX General Manager Trade Execution and Information Services, said, “The ASX Australian Liquidity Centre represents the lowest latency access to our various execution venues and information services. Connectivity via KVH provides our global customer base with a flexible, reliable and cost-effective means of connecting to their inventory within this new facility.”
“Sydney is a key financial market in this region and KVH is committed to serving the needs of financial customers with reliable low latency infrastructure,” said Richard Warley, President and CEO of KVH.
“ASX and KVH will address the needs of those in high frequency trading, and will contribute to the expansion of transaction volume and the improvement of market liquidity by helping more trading participants enter the markets in Japan and Asia.”