This extension in its platform will enable overseas market participants to access "J-GATE" with ultra low latency connectivity and high performance technology.

With OSE and other major exchanges introducing next generation trading platforms and revising their trading schemes, the HFT environment in Asian markets, including Japan and Singapore, is rapidly evolving.

To meet new market demands, Phillip Securities selected KVH Proximity Services, a widely acclaimed ultra low latency proximity hosting solution. Leveraging its global network and high level of expertise, Phillip Securities' new platform will facilitate overseas investors in participating in Japan's evolving HFT market.

Combining high-speed optical fiber networks with data centers located close to major domestic exchanges, KVH proximity services provide a complete hosting environment well-suited for ultra low latency trading transactions that include multiple exchanges from a single location.

KVH also offers ultra low latency access over its global Ethernet network to the world's major financial centers, leveraging its own network points of presence in Singapore, Hong Kong, and Chicago as well as its global partnership with COLT in Europe.

"We are pleased to announce that we are now providing ultra low latency trading platform for OSE to our Global and Japanese clients.

Together with our membership, execution, and clearing service to SGX, CME and other exchanges, PhillipCapital Group offers to its global HFT clients a broader trading technology with ultra low latency solution," commented Mr. Hitoshi Shimoyama, CEO of Phillip Securities.

"With ultra low latency connectivity to OSE and other major Japanese exchanges as well as to global financial centers, KVH was found to offer the best solutions in the market to meet Phillip Securities' needs. We are pleased to have been selected for the extension of Phillip Securities' HFT platform to Singapore, which will effectively address increasing demands from overseas market participants. We plan to continue strengthening our capabilities and solutions for the financial services industry to support the local trading market and our growing portfolio of customers in this field," said Dr. Zhongmin Guo, Executive Vice President, International of KVH.

*1HFT: High Frequency Trading. Trading whereby a large volume of transactions is processed in a very short period of time at a high speed using high performance computing.