Avelacom, which owns and operates a global network connecting to 80+ data centers worldwide, announced the deployment of its point-of-presence (PoP) at Bursa Malaysia, the stock exchange of Malaysia, to extend its network footprint into Malaysia capital markets.
"With the new PoP at Bursa Malaysia Avelacom further scales up its presence in Asia, reinforcing its position as the number one choice for low latency access to global growth markets," said a press note from the low latency connectivity, IT infrastructure, and data solutions provider for global financial markets.
The statement added that Avelacom is seeing growing interest from electronic market makers and arbitrage trading firms towards many Asian markets.
Avelacom recently established a point-of-presence in Bangkok at the Stock Exchange of Thailand (SET), extended its partnership with Singapore Exchange (SGX) to broaden its colocation and connectivity services portfolio, and became a Japan Exchange Group (JPX) arrownet-Global Partner Network provider.
Aleksey Larichev, CEO of Avelacom said: “We have aggressive expansion plans in Asia and are going to set new benchmarks for low latency access across broader markets. Bursa Malaysia is on the radar among institutional traders because of its recent efforts to sustain trading volume growth and create new trading opportunities. These moves are drawing in greater international participation and encouraging global investors to trade on Malaysia’s derivatives market.”
2021 saw record derivative volumes traded on Bursa Malaysia with 18.4 million contracts traded in 2021, building on the previous record high of 18.2 million contracts registered traded in 2020.