Avelacom Sets Up Thai PoP

Low-latency network provider Avelacom has set up a point-of-presence (PoP) at the datacenter facilities of the Stock Exchange of Thailand (SET). 

The PoP allows sell- and buy-side firms, interdealer brokers and market data providers to have more direct connectivity options when accessing Thai markets, with reduced latency and better traffic flow.

Alina Karpichenko, low-latency solutions manager, capital markets at Avelacom, says setting up the Thai PoP is in line with increasing interest from global institutions to trade across Asian markets, particularly when seeking arbitrage opportunities. 

“This drives the need for fast and reliable connectivity and the need for optimal routes to access markets in the most direct ways,” she says. 

The Thai PoP means that Avelacom’s clients will be able to access SET directly from its data center with “market-beating” latencies, which will then facilitate the receipt of raw market data and send orders to achieve best execution. 

Institutional clients are particularly interested in Thailand’s local equities market, she says. 

“Our goal is also to support local Asian proprietary trading firms and hedge funds who want to access major global exchanges in the US and Europe by providing a professional-grade low latency IT infrastructure,” Karpichenko adds. 

She believes growth in Asia will continue to be significant, and this is also why Avelacom constantly will be upgrading its APAC infrastructure by opening new routes, particularly to connect with the US. 

The roundtrip latencies to Bangkok from two popular trading venues through Avelacom’s network are 26 milliseconds between the SET and the Singapore Exchange (SGX) and 39 milliseconds between the SET and Hong Kong Exchanges and Clearing (HKEx).

Avelacom opened an office in Singapore in 2018 that puts it in a position to serve both international and local clients. It now has more than 80 PoPs across Europe, the Middle East and Africa, Asia-Pacific, and North America.