Avelacom partners with BitMEX for low-latency crypto trading

Rick Steves

“Since 2018, when the cryptocurrency environment started to attract institutional traders, our customer base has increased significantly.”

Avelacom, which has pioneered low latency access solutions to crypto exchanges via its proprietary fiber network, has joined the BitMEX Partner Programme to provide access to real-time market data and order execution.

The initiative provides traders with an advanced crypto derivatives trading experience. Avelacom has built low latency connections between BitMEX and other global markets. These facilitate arbitrage trades and help attract more trading firms to join cryptocurrency markets.

Low latency access to BitMEX

BitMEX utilizes data infrastructure from Amazon Web Services, located in Ireland. Avelacom’s operated routes across multiple global locations as well as direct connections with the AWS and Alibaba clouds.

Aleksey Larichev, Chief Executive Officer of Avelacom, commented: “We are pleased to be joining the BitMEX Partner Programme. Since 2018, when the cryptocurrency environment started to attract institutional traders, our customer base has increased significantly. Low latency access to BitMEX is one of the most successful solutions in our portfolio, which we would like to develop and upgrade both from technical and business perspectives.”

Genia Mikhalchenko, Vice President, Spot Exchange at BitMEX said: “Avelacom laid the blueprint for how institutions should connect to crypto exchanges. Its network makes it easier for BitMEX trading members to interact with our platforms as well as to access other global crypto markets, no matter where they are located – in public clouds or data centers.”

Earlier this month, Avelacom launched colocation and network services for Japan Exchange Group (JPX), thus enabling financial services institutions to directly access JPX’s exchanges and markets in cash equities, commodities, and derivatives.

The JPX’s infrastructure – comprising the Tokyo Stock Exchange (TSE), the Osaka Exchange (OSE), and the Tokyo Commodity Exchange (TOCOM) – is now an integral part of Alevacom’s proprietary, ultra-low latency network.

Avelacom considers Japan to be one of its most strategic markets and, for that reason, the connectivity solutions provider has increased its presence in Tokyo over the past four years.

The firm’s expansion to Japan included an authorization from Japan’s authorities to provide telecommunications services, the opening of a branch office in Tokyo to be able to serve clients in the Japanese language, the launch of more points-of-presence (PoPs) in several data centers in the country, as well as the metro network in Tokyo.

Read this next

Digital Assets

Societe Generale launches its own cryptocurrency, EURCV

French banking giant Societe Generale has launched its own euro-pegged stablecoin, EUR CoinVertible (EURCV). This move by France’s third-largest bank reflects the increasing trend of mainstream financial institutions embracing cryptocurrencies on a global scale.

Executive Moves

Stelios Eleftheriou leaves NAGA Group to join BVNK

BVNK, the crypto-powered payments and banking platform for businesses, has appointed FX industry veteran Stelios Eleftheriou, who has a colorful career across the gaming industry, as Business Development Director (CFD & iGaming).

Retail FX

CAPEX.com introduce ETFs on UAE, Saudi stocks

Abu Dhabi-based broker CAPEX.com has expanded its asset class offerings to include a new suite of Exchange-Traded Funds (ETFs) tailored for the United Arab Emirates (UAE) and Kingdom of Saudi Arabia (KSA) markets.

Institutional FX

Tradeweb Markets surges past $1.80 ADV in November

Tradeweb Markets Inc. (Nasdaq: TW) has reported a total trading volume of $38.2 trillion and a record average daily volume (ADV) of $1.80 trillion for November 2023. These figures mark a 59.2% year-over-year increase.

Inside View

A Mission in Accounting

Ismael Haber, an auditor and accountant, has made it his mission to help businesses improve the quality of their financial information by eliminating fraud and error. In the next five years, the demand for these specific financial services, being external financial audits, forensic accounting, and other fraud preventive and detective services is envisaged to increase.

Institutional FX

CME Group to launch new spot FX marketplace ‘CME FX Spot+’ in 2024

US derivatives exchange, CME Group today announced plans to introduce ‘CME FX Spot+’, a novel spot foreign exchange (FX) marketplace.

Interviews

FMLS:2023: Andrew Mreana provides an exclusive sneak peek into cTrader’s 2024 innovations

cTrader’s focus for the next year would be on developing new tools for Introducing Brokers (IBs) and partners, particularly those related to algorithmic (algo) trading, the company’s head of growth told FinanceFeed in an exclusive interview at the Finance Magnates London Summit 2023.

Digital Assets

Grayscale’s Ethereum ETF stalls: SEC extends review to January 2024

The United States Securities and Exchange Commission (SEC) has extended the evaluation period for Grayscale’s proposed Ethereum spot ETF.

Institutional FX

BMLL completes China equity data offering: Shanghai, Shenzhen, and Hong Kong

“Demand for China data has never been higher. This is set against a general industry trend of increased market participant sophistication, and an increasing demand for quality historic market data to understand market microstructure and venue behaviour. Market participants need to get the full picture of market quality, liquidity and order book dynamics to ultimately make better informed decisions on the markets they trade and the venues they run.”

<