The partnership enables MOEX’s clients located in Asia and the Middle East with facilitated connectivity options. Market participants also receive high speed access to MOEX’s markets without the need to build extra infrastructure and pay for low latency network connection to Moscow.
“This is a meaningful partnership that makes us responsible for the management and support of services to MOEX’s international institutional clients,” said Aleksey Larichev, CEO of Avelacom.
“It’s an acknowledgement of the work we have previously done to provide a high-performance and sustainable trading environment. These simplified connectivity options will help attract more clients to MOEX from all over the world.”
MOEX’s PoPs provide the following features:
• Low latency connectivity across major trading venues globally;
• FIX protocol for trading transactions;
• Access to MOEX’s market data;
• Trading on MOEX’s market (equity & bond, FX and derivatives markets) through sponsored market access (SMA).
In addition to this expanded global reach in MOEX’s connectivity, cooperation with Avelacom has allowed the Exchange to improve quality specifications of its PoP in London: the round-trip latency from Equinix’s LD4 to MOEX has been reduced to 36ms (from 41ms).
Igor Marich, FX and money market managing director at Moscow Exchange, added: “We see growing interest in Russian assets from these regions from financial market participants such as investment funds, HFT traders and market makers. The new PoPs in Asia, which have been deployed in the most commonly used data centres for connection, will help existing customers optimise their connectivity schemes, while providing new customers with more effective trading solutions and open access to MOEX’s liquidity pool. We are confident that the high-end market access infrastructure will also enable us to attract new participants and their clients to the Russian market.”
The MOEX partnership comes after the news that Avelacom recently partnered with Seed CX to increase speed and stability for institutional investors globally and also deployed a PoP at The Stock Exchange of Thailand’s (SET) data centre facilities.
