December 8, 2011: KVH to Expand Ultra Low Latency Network to ASX's New Data Center Enabling High Frequency Trading between Tokyo and Sydney
Press Release: Sydney / Tokyo December 8, 2011
The Australian Securities Exchange (ASX), the leading securities exchange in Australia and a subsidiary of the ASX Group, and KVH Co., Ltd. (“KVH”), Asia’s leading information delivery platform providing integrated cloud and network solutions, today announced that KVH will expand its ultra low-latency network for the financial services community to Sydney by adding a new network point of presence (POP) at ASX’s new data and co-location center - the ASX Australian Liquidity Centre (ALC). This new Tokyo to Sydney route will be operational on February 6, 2012 and offer expected latency below 100 ms, which will be one of the fastest networks between these locations in the market today.
The ALC is a purpose-built, state-of the-art data center located five kilometers to the north of the Sydney CBD, designed to meet the demands of ASX participants and service providers for the lowest latency access to ASX execution and information services. The ALC will allow ASX to greatly extend the availability of hosting services to ASX participants, vendors and the broader financial market community. By having POPs at ALC and KVH Tokyo Data Center 1 (TDC1), one of the largest proximity hosting centers for HFT in Japan, the new route will enable domestic and international trading participants to have ultra low latency access to major stock exchanges including ASX with superior speed and scalability.
Mr. David Raper, ASX General Manager Trade Execution and Information Services, said, "The ASX Australian Liquidity Centre represents the lowest latency access to our various execution venues and information services. Connectivity via KVH provides our global customer base with a flexible, reliable and cost-effective means of connecting to their inventory within this new facility."
"Sydney is a key financial market in this region and KVH is committed to serving the needs of financial customers with reliable low latency infrastructure,” said Richard Warley, President and CEO of KVH. ASX and KVH will address the needs of those in high frequency trading, and will contribute to the expansion of transaction volume and the improvement of market liquidity by helping more trading participants enter the markets in Japan and Asia.”
ASX Limited is the listed holding company for a number of licensed operating subsidiaries, together forming the ASX Group (ASX), which offer a range of market services linked by a common purpose: to provide core financial markets services and infrastructure to meet the needs of a wide range of financial markets stakeholders, and for a globally competitive and vibrant Australian economy. ASX is a multi-asset class, vertically integrated exchange group, ranked one of the world’s top-10 largest by market capitalization. Its activities span primary and secondary market services, central counterparty risk transfer, and transaction settlement for both the equities and fixed income markets. ASX functions as a market operator, clearing house, payments system facilitator and central securities depository. It also oversees compliance with its operating rules, promotes standards of corporate governance among Australia’s listed companies and helps to educate retail investors. More information on ASX can be found at: www.asxgroup.com.au.
KVH was established in Tokyo in 1999 by Fidelity Investments as a Japan focused IT/communications service provider. As an information delivery platform that allows enterprise customers to store, process, protect and deliver their vital business information, KVH offers integrated cloud and network solutions that include infrastructure-as-a-service, managed services, data center services, professional services, data networking, internet access, and voice services. KVH operates the lowest latency network in Japan, and with over 450 financial services customers, is the leading provider of ultra low-latency network and proximity hosting solutions to the high-frequency trading community in Tokyo and Osaka. KVH also offers low-latency connectivity services between major financial markets in the Asia/Pacific region and the US including Tokyo, Chicago, New York, Singapore, Hong Kong, Shanghai, and Sydney. More information on KVH can be found at www.kvh.co.jp/en/