Avelacom has announced the launch of a new point of presence in Equinix’s Tokyo (TY3) International Business Exchange data centre, providing trading firms with faster and more reliable connectivity between TY3 and Equinix’s London (LD4/5) data centre facilities. The new London – Tokyo route delivers the lowest latency in the market – 145.3 milliseconds (round-trip), the firm claims.

The new connectivity is designed to serve the needs of financial services firms, enabling them to access market data and send orders at the highest possible speed and improve overall trading performance.

“Platform Equinix is home to the world’s largest multi-asset trading venues and provides interconnection between ecosystem participants to accelerate business performance,” says Russell Poole, managing director, Equinix UK. “Avelacom’s new PoP offers increased opportunities for FX market players, as latency sensitive traders access the London-Tokyo route.”

Aleksey Larichev, Avelacom’s managing director, adds,  “The London – Tokyo route has always been associated with latency and redundancy issues because of its great distance and the multiple territories through which the data has to travel. Most market participants experience round-tip latency of around 156 milliseconds, but by switching to Avelacom’s network they can shave off more than 10 milliseconds, significantly improving data speed and overall performance.

“Connectivity is one of the key drivers for success in the electronic trading environment, and our London – Tokyo ultra-low latency offerings give companies a true competitive edge,” he adds.

FX industry veteran and Profit & Loss 2012 Hall of Fame inductee, David Ogg, reflected in a recent video interview on how the rapidly evolving crypto markets resemble the FX markets of the past.

“It’s like FX in the 1980s,” said Ogg, who is currently the head of FX and trading venues at OTCXN, before adding,“The front-end technology is pretty primitive.”

By contrast, he said that OTCXN has developed “cutting edge” technology in terms of how it displays liquidity, offering visual tickers that enable traders to get a visual representation of what is happening in the market with just a glance.

Ogg also noted that the speed of trading continues to be slow in the crypto space, while there are significant challenges regarding settlement that OTCXN has sought to address.

“A lot of technology has been retail focused, so some of it’s slow, the whole process needs to be ramped up. FX trading took off with prime broking, it allowed the buy side to come in and trade heavy amounts,” said Ogg.

He added that by offering instantaneous settlement, OTXCN will enable the crypto space to accelerate in much the same way that the FX space did after the introduction of PB.

“There’s a lot of similarities,” said Ogg.

The full video interview can be watched here: 

https://www.profit-loss.com/articles/news/videos/crypto-and-fx-more-alike-than-we-think