Moscow Exchange has facilitated connectivity options for professional market participants and their clients from Asia and the Middle East by deploying new Points of Presence (PoPs) in collaboration with Avelacom, in data centres in Hong Kong, Singapore, Shanghai, Dubai and Mumbai.
The firms say market participants have high speed access to Moex’s markets and data without the need to build extra infrastructure and pay for low latency network connection to Moscow using FIX protocols for trading.
In addition to this expanded global reach the firms also say that the increased cooperation has allowed the exchange to improve quality specifications of its PoP in London: latency from the LD4 data centre to Moex has been reduced to 36 milliseconds (from 41 milliseconds).
“We see growing interest in Russian assets from these regions from financial market participants such as investment funds, HFT traders and market makers,” says Igor Marich, FX and money market managing director at Moscow Exchange. “The new PoPs in Asia, which have been deployed in the most commonly used data centres for connection, will help existing customers optimise their connectivity schemes, while providing new customers with more effective trading solutions and open access to Moex’s liquidity pool. We are confident that the high-end market access infrastructure will also enable us to attract new participants and their clients to the Russian market.”
Meanwhile, Aleksey Larichev, CEO of Avelacom, adds, “This is a meaningful partnership that makes us responsible for the management and support of services to Moex’s international institutional clients. It’s an acknowledgement of the work we have previously done to provide a high-performance and sustainable trading environment. These simplified connectivity options will help attract more clients to MoEx from all over the world.”