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

Inside View

Broadridge report finds 27% of firms’ overall IT budget goes to digital transformation

“A new chapter in digital transformation is emerging. In our work with clients across the financial services industry we see leading firms are already reaping the benefits from digitalization and the use of technologies such as AI and blockchain/DLT, as they adapt to economic headwinds and new competitive dynamics”

Executive Moves

Ripple announces Monica Long as President

“I’m incredibly honored to take on the role of President at Ripple as we expand deeper into crypto-enabled services like liquidity, settlement and custody.”

Executive Moves

Arabesque AI appoints Carolina Minio Paluello as CEO

“Arabesque AI is uniquely positioned to service the asset management industry’s need to meet the growing market demand for hyper customised portfolios.”

Industry News

SEC Commissioner Mark T. Uyeda says standardized ESG measures are doomed to fail

“Because ESG ratings may be divorced from matters of financial materiality, they can reflect a particular political or social agenda.”

Industry News

Worldline launches digital payments suite in India

“Our low-cost innovative offering SoftPOS will empower SMBs in a big way to accept digital payments affordably.”

Technology

cTrader Web 4.5 Presents Guest Mode, Multiple Charting and Copy Improvements

Spotware has announced the release of its cTrader Web version 4.5, which comes with a whole range of features and improvements for all cTrader users.

Technology

SteelEye suggests integrated surveillance as Morgan Stanley fines employees over WhatsApp

“The use of integrated surveillance means firms can avoid unwanted regulatory attention by enabling them to self-report and self-remedy more efficiently when malpractice is flagged.”

Industry News

ASIC bans Gregory William Finerty for unlicensed FX algo trading bot

Bradford AI leased an algorithmic trading program known as ‘Robot 1’ to trade on the FX market, using an Australia-based over the counter contracts for difference (CFD) broker.

Opinion

With the recent changes to St Vincent licensing, what will the future trends be for licensing in 2023?

New St. Vincent and the Grenadines regulations came as somewhat of a shock for those brokerages that are only regulated in SVG

<