Avelacom sets up low latency point-of-presence at Tel Aviv Stock Exchange
Avelacom, the low latency connectivity, IT infrastructure and data solutions provider for global financial markets, today announces that it has increased its presence in Israel by partnering with the Tel Aviv Stock Exchange (TASE) and setting up a new point-of-presence (PoP) in TASE’s primary data center.
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Avelacom’s new PoP enables its clients to connect to the TASE systems and trade with the lowest latencies. This is highly desired by bank and non-bank institutions because low latency market access is a key component of enhanced trading performance.
The new PoP is in line with Avelacom’s strategy to grow across exchanges in the Middle East, Asia Pacific and Latin America. Along with Avelacom’s presence in major data centers in the US, UK and Europe, it paves the way for global institutions to trade across both developed and emerging markets and diversify their trading strategies.
Last year Avelacom announced new optimized routes on its network This allows for connectivity between New York and Tel Aviv with less than 117ms, round-trip delay,
Aleksey Larichev, CEO of Avelacom said: “We are pleased to be deepening our relationship with TASE, one of the most dynamic exchanges. With this partnership we have extended our capacity to provide low latency solutions. We have the optimal balance between geographic footprint and depth of services. We can serve clients that have certain requirements on trading systems and network latency and who are looking to access the Israeli capital markets.
Issac Nissan, Head of Strategic Products Development and International Relations: “We are proud to welcome Avelacom into the Israeli capital market, alongside other leading international institutions that benefit TASE’s co-location services. Avelacom’s cutting-edge solutions will allow investors worldwide easy and quick access to the trading on TASE. We look forward to seeing more international institutions partake in the Israeli capital market.”