BST Awards 2019: Best Low-Latency Trading Network—Avelacom

Avelacom supersedes three-time winner Itiviti as winner of the best low-latency trading network category at this year’s BST Awards. As buy-side firms look to deploy more global trading strategies and seek new investment opportunities across the financial services industry, they are also facing increased regulatory pressures. Aleksey Larichev, CEO at Avelacom, says this means that technology is not just part of standing out from the crowd, but is also a necessity to achieve best execution. 

“Clients require multi-asset class, broker-neutral solutions on a global scale, but they also need to be cost-efficient. They need flexibility to scale up and down or migrate, especially when exploring new markets in Asia, South Africa and Latin America,” he says.

Avelacom is connected to more than 80 liquidity sources and offers low latencies and 99.9% uptime to its clients. It has points-of-presence (PoPs) in all major datacenters, and is also connected to AWS, Alibaba and Azure clouds. Its connections to Alibaba and AWS across Tokyo, Singapore, Hong Kong and Seoul enable it to provide multi-cloud connectivity, and in turn allow clients fast access to major crypto exchanges. “We help achieve sub-millisecond speed of market data and order execution across both derivatives exchanges and crypto markets,” Larichev adds.

In the past year, Avelacom deployed virtual PoPs for Moscow Exchange (MOEX) to facilitate connectivity for clients from Asia and the Middle East. Traders from Hong Kong, Singapore, Shanghai and Mumbai can access MOEX’s markets without building additional infrastructure. 

Larichev says Avelacom is set to deploy servers featuring the Precision Time Protocol, required by institutions to comply with Mifid II regulations. “These servers are in high demand across major trading hubs in Europe, North America, and Australia,” he says. 

Looking ahead, Avelacom plans to expand its product portfolio by adding services to facilitate market data. “We are also working on developing a platform that would be a single source for multi-asset market data from global exchanges,” he adds.