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 SingTel-KVH 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.
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."
Miyuki Suzuki, President and CEO of KVH noted, "In the world financial market, Singapore is considered along with Tokyo to be an important center 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."