Oct 11, 2013
Mumbai, October 9th 2013 - Tata Communications, a leading provider of A New World of Communications, today announces the extension of its low latency network in Asia with direct connections to the National Stock Exchange of India Limited (NSE), the Singapore Exchange Limited (SGX) and the Hong Kong Stock Exchange (HKEx). The low latency network further extends the company’s global financial trading connectivity network. As a result, it will support mission critical, real-time trading applications by seamlessly connecting the exchanges with major financial capitals in Asia, the United Kingdom and the United States.
Tata Communications’ low latency network is faster than traditional point-to-point systems. The pure Ethernet platform with native multipoint support enables financial trading businesses and other companies that require latency sensitive connectivity to respond faster in the dynamic Asian market. The global network integrates exchanges with market leading low latency connectivity to Europe and beyond, enabling firms to reach major financial centres, such as in Chicago and London in milliseconds, through a single network and single supplier model.
Genius Wong, Senior Vice President, Global Network Services, Tata Communications, says, “Given the challenging economic conditions, fast, secure and reliable connectivity is crucial for businesses. The extension of our network via direct connections to SGX, HKEx and NSE exchanges will enable financial trading firms around the world to execute faster transactions and receive immediate market updates, mitigating financial risks and becoming more participative in the global economy.”
Tinku Gupta, Head of Market Data & Access, Singapore Exchange Limited, says, “We are delighted to have Tata Communications in the SGX data centre, one of the very few data centres in Singapore to undergo Threat Vulnerability Risk Assessment (TVRA) and purpose-built according to the industry best practices to meet stringent hosting requirements of the financial community. Providers like Tata Communications complement our international reach and enhance connectivity options for customers connecting to SGX, the world’s biggest offshore market for Asian equity index derivatives.”
Jonathan Leung, Vice President and Head of Hosting Services, Hong Kong Stock Exchange adds, “We are very pleased to have Tata Communications join as part of our Hosting Services network. Members of our ecosystem will be able to easily access Tata Communications’ services through a direct cross connect. Tata Communications’ network will further allow our members to connect directly to some of the major financial centres and cities in the world.”
Joel Stradling, Research Director, Current Analysis says, "The expansion of Ethernet connectivity into major stock exchanges in India, Singapore and Hong Kong, strengthens Tata Communications’ global low latency portfolio targeting financial institutions by adding strategically significant markets to an existing global low latency footprint. Customers that need low latency connectivity into NSE, SGX and HKEx can take advantage of several unique differentiators within Tata Communications' Ethernet range, such as its round-the-world cable assets and the benefits of an innovative and unique PBB architecture."
Tata Communications’ low latency network is the only multipoint Ethernet service offering on a single network underpinned by 802.1ah, Provider Backbone Bridging (PBB) technology. The underlying core Ethernet technology provides the lowest possible latency as it is native Ethernet with no mapping to other protocols like SDH. It also adds an additional layer of security by separating the customer’s traffic with each customer benefitting from dedicated bandwidth.
This expansion announcement is the latest example of Tata Communications’ vision to make global businesses better connected and enhance collaboration between enterprises across established and emerging markets.
Re-disseminated by The Asian Banker