Singtel and KVH to launch international ultra low latency network for financial trading community
Fully redundant network between Singapore and Japan
Singapore, 1 December 2009 – Singapore Telecommunications Limited (Singtel) and KVH, market leaders in low latency services in Singapore and Japan respectively, announced today that they have signed an agreement to jointly develop and operate an ultra low latency and fully redundant network service between Singapore and Japan for the financial trading community.
Through the partnership, Singtel and KVH will offer customers ultra low latency connectivity to Singapore Exchange (SGX) and major Japanese exchanges, as well as Proximity Hosting in Singapore and Japan from the first quarter in 2010.
The new service is designed with the shortest network routes to ensure ultra low latency and high availability with redundancy based on leading edge Ethernet technology. It allows traders to house their trading systems at the gateway to the trading engines of SGX and all major Japanese exchanges. The service is fully managed and provides customers with a convenient single point of contact.
Increasingly, trading companies are turning to reliable high-speed network services to gain a competitive advantage in the Asian markets. The new service caters to this rapidly growing demand and enhances the high-speed trading capabilities of companies in the region.
Mr Bill Chang, Singtel’s Executive Vice President of Business Group, said, “Singtel is excited to work with KVH to provide proximity trading firms with superior access to the Japanese financial market. Speed and reliability are essential for success in the world of proximity trading, where hundreds of transactions are made in a blink of an eye. With our solution, customers can be assured that their transactions will be handled securely with world-class performance to win in the competitive market place.”
Mr Miyuki Suzuki, President and CEO of KVH, noted, “In the world financial market, Singapore is considered along with Tokyo to be an important centre for traders from overseas. With Singtel’s strong presence and expertise in the market, KVH can enhance its global capability in providing proximity solutions to meet the significant and diverse needs of participants and support them as they enter the Asian market.”
Singtel is Asia's leading communications group providing a portfolio of services including voice and data solutions over fixed, wireless and Internet platforms as well as infocomm technology and pay TV. It has a network of 37 offices in 20 countries and territories throughout Asia Pacific, Europe and the United States. Together with its regional partners, Singtel is Asia’s largest multi-market mobile operator, serving more than 273 million mobile customers in eight markets.
In 2008, Singtel launched a proximity hosting service that offers traders ultra low latency access to SGX securities and derivatives markets. With this service, SGX became the first exchange in Asia to offer sub-millisecond access to its trading engines. More information can be found @ www.singtel.com
KVH was established in Tokyo in 1999 as an Asia-Pacific IT/communications service provider. Through its facility-based optical fiber networks and data centers, KVH offers integrated communications and IT management solutions that include managed services, data networking, internet access, and voice services to business customers. KVH has a presence in Tokyo, Yokohama, and Osaka (and in Shanghai through affiliates) and serves over 1,700 corporate customers in broad industry segments such as financial services, manufacturing, pharmaceutical, media, and e-commerce.
KVH launched its proximity hosting service in 2008 using its Tokyo Data Center as a hub based on experience in providing network connections with Tokyo Stock Exchange and Osaka Securities Exchange. Moreover, KVH Tokyo Data Center has been endorsed by Tokyo Commodity Exchange (TOCOM) and Tokyo Financial Exchange (TFX) as their access point location and proximity hosting provider. More information on KVH can be found at www.kvh.co.jp.