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Avelacom Connects to HKEX

Avelacom, a provider of global connectivity and IT infrastructure, has enhanced its high-speed network performance and joined Hong Kong Exchanges and Clearing Limited’s (HKEX) ecosystem of network service providers.

To facilitate low latency access to HKEX markets for financial services firms across Europe, the Americas and APAC, Avelacom has added another point of presence (PoP) in Hong Kong at HKEX’s colocation data centre. The new PoP will allow the setup of broker-neutral, low latency connectivity to the HKEX trading environment, something that is particularly used by market participants using high-speed algorithms for market making or arbitrage strategies.

In addition, Avelacom has completed network improvements that have enabled reduced latency between London and Hong Kong, with increased speed of up to 10.9 milliseconds.

Aleksey Larichev, CEO of Avelacom, says: “East Asia is a key market for us, with many opportunities for low latency connectivity and hosting offerings. By combining network improvements with new PoP setup in HKEX data centre, we’re providing world-beating low latency connections. This ensures improved services for Hong Kong’s well-established trading community, and access for traders across the world who have strong ties to Hong Kong including from London, Frankfurt, Singapore, Tokyo, Taipei, Sydney and Chicago.”

Andy Lee, HKEX head of hosting services, adds: “We are very pleased to have Avelacom join as part of our Hosting Services ecosystem. Members of our ecosystem will be able to easily access Avelacom’s services through a direct cross connect.”

Galen Stops

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