Avelacom has partnered with the Tel Aviv Stock Exchange (TASE) to establish a new point-of-presence (PoP) in TASE’s primary data centre.
The new PoP enables its clients to connect to the TASE systems and trade with the lowest latencies.
The firm said this is one of the objectives of bank and non-bank institutions because low latency market access is a key component of enhanced trading performance.
The alliance is in line with Avelacom’s strategy to expand its presence across exchanges in the Middle East, Asia Pacific and Latin America.
It also aims to allow firms to trade across both developed and emerging markets and diversify their trading strategies.
Last year, the firm opened new optimised routes on its network to Bursa Istanbul, the Saudi and Tadawul stock exchanges as well as TASE.
The moves were part of the firm’s increased focus on encouraging global traders to accelerate their presence in the Middle East for continuous hedging and repositioning.
The connectivity between New York and Tel Aviv is now at less than 117ms, round-trip delay, according to the firm..
“With this partnership with TASE, we have extended our capacity to provide low latency solutions.,” said Aleksey Larichev, CEO of Avelacom.
He added, “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 at TASE, said, “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.”
©Markets Media Europe 2023
