AsiaNext deploys Colt’s infrastructure to facilitate HFT of crypto derivatives and digital securities
“We are delighted that through Colt’s breakthrough capital markets solutions, our institutional investors will be able to quickly and easily access the benefits of a modern and trusted trading venue for digital assets.”
AsiaNext has partnered with Colt Technology Services to leverage its suite of secure, high-performance digital infrastructure solutions, including Multicast Market Data in the Cloud and PrizmNet.
The partnership will facilitate high-frequency trading of a variety of digital securities and crypto derivatives trading on AsiaNext, a joint venture between SBI Digital Asset Holdings and SIX.
AsiaNext has received in-principle approval of its Capital Markets Services license from the Monetary Authority of Singapore and is in the process of obtaining its Recognised Market Operator license.
AsiaNext is first digital exchange to leverage Colt Multicast Market Data in the Cloud
AsiaNext is the first institutional-grade digital exchange to design this unique solution leveraging Colt Multicast Market Data in the Cloud, to connect to its buyers and sellers, and vice versa, according to Colt.
The newly established connectivity will help bridge the gap between mainstream finance and secure digital assets trading and comes on the heels of rapid growth in the trading of digital assets in Asia alongside significant global investment in the region’s crypto markets.
AsiaNext will offer integrated listing, trading, and post-trade services for digital assets as it aims to help grow the overall crypto derivatives market in the region.
To accomplish its mission, AsiaNext will leverage Colt’s flexible, low-latency digital infrastructure solutions, including:
- Colt PrizmNet, which guarantees deterministic low latencies for delivering data, software, content, and financial services worldwide:
- Colt Multicast Data in the Cloud, which enables organizations to securely host and distribute raw multicast data via a virtual PoP (Point-of-Presence) directly to external environments in its original format.
“It’s an incredibly exciting time for Asia”
Russell Toop, Team Lead, Capital Markets Asia at Colt, said: “It’s an incredibly exciting time for Asia, as regulatory clarity helps it become a global hub for the crypto ecosystem, and we’re very proud to be named one of the first digital infrastructure partners for AsiaNext. Colt has long been a leading connectivity provider for the capital markets ecosystem and thousands of clients around the world trust our network. We continue to monitor the market and make infrastructure investments, providing connectivity solutions to key liquidity hubs which deliver the best possible latencies and performance. Our partnership with AsiaNext demonstrates our firm commitment to capital markets in Asia and across the world, and we’re excited to be part of its journey at the earliest stages as it sets out to bring digital assets to the mainstream.”
Yuen Keng Yin, Chief Technology Officer at AsiaNext, commented: “We are delighted that through Colt’s breakthrough capital markets solutions, our institutional investors will be able to quickly and easily access the benefits of a modern and trusted trading venue for digital assets. Their solutions support our investors in securing their position in this rapidly-growing market, so they can optimize their digital assets trading strategies and open up exciting new opportunities for their clients.”
