FF News Logo
Saturday, February 08, 2025
FKV2483 - FinovateEurope - FFNews banner - 728x90

Avelacom Collaborates With the Tel Aviv Stock Exchange for Low Latency Trading Execution Services

Avelacom, the low latency connectivity, IT infrastructure and data solutions provider for global financial markets, today announces that it has increased its presence in Israel by partnering with the Tel Aviv Stock Exchange (TASE) and setting up a new point-of-presence (PoP) in TASE’s primary data center.

Avelacom’s new PoP enables its clients to connect to the TASE systems and trade with the lowest latencies. This is highly desired by bank and non-bank institutions because low latency market access is a key component of enhanced trading performance.

The new PoP is in line with Avelacom’s strategy to grow across exchanges in the Middle East, Asia Pacific and Latin America. Along with Avelacom’s presence in major data centers in the US, UK and Europe, it paves the way for global institutions to trade across both developed and emerging markets and diversify their trading strategies.

Last year Avelacom announced new optimized routes on its network This allows for connectivity between New York and Tel Aviv with less than 117ms, round-trip delay,

Aleksey Larichev, CEO of Avelacom said: “We are pleased to be deepening our relationship with TASE, one of the most dynamic exchanges. With this partnership we have extended our capacity to provide low latency solutions. We have the optimal balance between geographic footprint and depth of services. We can serve clients that have certain requirements on trading systems and network latency and who are looking to access the Israeli capital markets.

Issac Nissan, Head of Strategic Products Development and International Relations: “We are proud to welcome Avelacom into the Israeli capital market, alongside other leading international institutions that benefit TASE’s co-location services. Avelacom’s cutting-edge solutions will allow investors worldwide easy and quick access to the trading on TASE. We look forward to seeing more international institutions partake in the Israeli capital market.”

People In This Post

Companies In This Post

  1. Wells Fargo Expands Its Commercial Banking Transformation with Q2 to Drive Collaboration Across Commercial Banking Teams Read more
  2. ADIB Becomes the First Islamic Bank to Adopt Swift’s Alliance Cloud Platform Read more
  3. CSI Launches Advanced Check Fraud Detection Tool in Partnership With Mitek Systems Read more
  4. LuLu International Exchange Partners With Fintech Galaxy for Open Banking Remittance Solutions in Bahrain Read more
  5. Wealthon Secures PLN 531M to Accelerate the Expansion of Unique Financial Services Ecosystem for SMEs Read more
FKV2483 - FinovateEurope - FFNews banner - 300x300
More On