SINGAPORE, 3 DECEMBER 2009 – Singapore telecommunications firm SingTel and Japanese telco KVH have inked a deal to jointly develop and operate an ultra low latency and fully redundant network service between Singapore and Japan for the financial trading sector.
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 promises shortest network routes to ensure ultra low latency and high availability with redundancy based on ethernet technology. It allows traders to house their trading systems at the gateway to the trading engines of SGX and all major Japanese exchanges.
Both companies recognise that trading companies are turning to reliable high-speed network services to gain a competitive advantage, and are keen to harness that demand.
Bill Chang, SingTel’s executive vice president of business group, said: “Speed and reliability are essential for success in the world of proximity trading, where hundreds of transactions are made in the 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.”
Miyuki Suzuki, president and CEO of KVH, noted: “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.”
