Colt Shrinks Distances Between Asia's Major Stock Exchanges With Revamped Low Latency Trading Routes
LONDON, October 12, 2017 /PRNewswire/ --
Colt Technology Services today announced further network optimisations to two of the company's key low-latency routes in the APAC region. Connectivity is available for service now and provided through the company's private Ethernet-based Colt IQ Network[*1].
Strong demand from the financial services sector lies at the core of Colt's network improvement efforts with each latency reduction promoting greater liquidity between stock exchanges in each Colt-linked city. In addition to market participants at Hong Kong Stock Exchange (HKEX) and Singapore Exchange (SGX), as well as Australian Securities Exchange (ASX) and Japan Exchange Group (JPX/CC2), traders from all around the globe stand to benefit from the recent optimisations.
Latency for the Hong Kong-to-Singapore route has been reduced to approximately 29ms (RTD) going from the HKEX to the SGX. Latency for the Sydney-to-Tokyo route has been reduced to approximately 99ms (RTD) going from the ASX to the JPX/CC2[*2]. For both routes, the latency numbers above currently represent the fastest among all available providers in the region.
Andrew Housden, VP Capital Markets, Colt Technology Services, stated, "Colt continues to challenge the status quo with ultra-low-latency connectivity. Every micro-second counts for our customers, not just capital markets organisations, but all data-dependent enterprises - from media to manufacturing - that rely on our secure, high-bandwidth connectivity to function and thrive in today's digital market. This drives us to constantly innovate and optimise the Colt IQ Network, which enables the digital transformation of business through superior connectivity."
These optimisations continue a series of enhancements to the highly touted Colt IQ Network, including a similar revamp of its Tokyo-Chicago circuit in May [http://asia.colt.net/news/press/press-release-colt-to-offer-new-low-latency-network-route-between-stock-exchanges-in-tokyo-and-chicago ] . Colt has also been remarkably active in the proliferation of its network presence at key endpoints for these routes. The company unveiled fibre expansion projects in its 48th and 49th metro area networks earlier this year in both Hong Kong and Singapore.
*1 100Gbps-capable network optimised for SDN, NFV and cloud services, connecting commercial sites and data centres
*2 Figures based on internal Colt testing accurate as of August 2017
About Colt
Colt aims to be the leader in enabling customers' digital transformation through agile and on-demand, high bandwidth solutions. The Colt IQ Network connects over 800 data centres across Europe, Asia and North America's largest business hubs, with over 25,000 on-net buildings and growing.
Colt has built its reputation on putting customers first. Customers include data intensive organisations spanning over 200 cities in nearly 30 countries. Colt is a recognised innovator and pioneer in software defined networks (SDN) and network function virtualisation (NFV). Privately owned, Colt is one of the most financially sound companies in its industry and able to provide the best customer experience at a competitive price. For more information, please visit http://www.colt.net.
SOURCE Colt Technology Services
