Connectivity and IT infrastructure provider Avelacom has deployed a new point-of-presence (PoP) in Ashburn, Virginia, with direct connectivity to Amazon AWS US – East–1 region. Its AWS Ashburn to AWS Dublin, one of the most popular routes for cryptocurrency arbitrage, is now the fastest line available in the market at a guaranteed 65.3ms round-trip latency.
The new connection to AWS Ashburn provides greater geographical coverage and increased predictable performance for arbitrage strategies for Avelacom clients such as cryptocurrency hedge funds, asset managers, broker dealers and proprietary trading firms dealing with multiple global exchanges.
Amazon Web Services hosts most of the world’s leading cryptocurrency trading venues, making it essential for latency-sensitive firms to have close physical proximity to exchanges’ matching engines and fast and reliable connectivity between them. To keep up with this growing demand Avelacom has previously setup low latency connections to AWS locations in Dublin, London, Frankfurt, Tokyo, Hong Kong. These connections support improved price discovery and order execution.
“Cryptocurrency trading is a very dynamic market, with high growth rates and is a key focus for Avelacom this year,” says Aleksey Larichev, CEO of Avelacom. “A key driver of institutional adoption is IT infrastructure, which our solution portfolio and ready-to-go infrastructure provides. Our goal is to make markets more accessible and pave the way for greater number of market participants.
“Crypto trading is always, or almost always, about trading on multiple exchanges,” he adds. “Crypto exchanges are more numerous, diverse and cloud centric. Traders need the freedom to access exchanges across multiple clouds and global locations and unlike when trading traditional assets, connecting efficiently to these exchanges requires connectivity to non-traditional hubs like Dublin or Ashburn.”