Realises less than 87ms, the fastest connectivity in market between SGX and ASX
Singapore, 9 August, 2022 – Colt Technology Services, a leading provider of agile, high-bandwidth connectivity solutions, today announced that it has substantially reduced the latency between the Singapore and Australian exchanges, realising the fast connectivity in the market of less than 87ms*.
The optimisation further strengthens Colt’s ultra-low latency network and proposition in the region, providing faster connectivity that meets the high-frequency trading (HFT) needs of financial organisations, including financial brokers, investment funds and banks, and FX-related applications.
The low latency route upgrade follows recent upgrades and additions to Colt’s other ultra-low latency routes, including new ultra-low latency routes between the SET, HKEX and SGX, between JPX and HKEX, HKEX to SGX and ASX to CME, as well as new services connecting markets in South Korea and Taiwan. This is an addition to other markets across Asia, Europe and the US, where Colt is a market leader in connectivity, hosting and exchange colocation facilities provision.
Arthur Rank, Global Director, Capital Markets Solutions, said: “We are continuing to invest heavily in upgrading our ultra-low latency infrastructure in the Asia-Pacific and around the world. The SGX-ASX route is particularly important for derivative and FX players in the region. We will continue to push boundaries to bring the fastest connectivity speeds in a competitive market.”
He continued: “Fast connectivity is critical for enabling capital market firms of all kinds to execute trading strategies faster. Our highly secure ultra-low latency network services are used by the most demanding buy-side and sell-side firms in key liquidity hubs globally, including Tier 1 financial institutions. We are committed to helping them thrive in the Asia-Pacific.”
Recognised as a Visionary in the Gartner 2022 Magic Quadrant for Network Services, Colt also received Frost & Sullivan’s 2021 European Customer Value Leadership Award. The company’s industry-leading Net Promotor Scores (NPS), reflects Colt employees’ high motivation.
* Round-trip latency values measured with 1000Base-X and 64-byte packets on a 1Gbps test line between Colt POPs located at ASX and SGX Building.
Colt strives to transform the way the world works through the power of connectivity– taking what’s always been in its DNA to enable customers’ success. The Colt IQ Network connects 1000+ data centres and over 29,000 on net buildings across Europe, Asia and North America’s largest business hubs.
Colt understands today’s shifting connectivity requirements and provides agile, on-demand and secure high bandwidth networking and voice solutions to ensure enterprises can thrive. Customers include data-intensive organisations spanning over 210 cities in more than 30 countries. Colt is a recognised innovator and pioneer in Software Defined Networks (SDN) and Network Function Virtualisation (NFV).
Privately owned, Colt is one of the most financially sound companies in the sector, and because of this, it’s able to put its customers’ needs at its core. For more information, please visit www.colt.net.