MOEX Partners with Avelacom, Launches PoPs in Asia & Dubai

The Moscow Exchange (MOEX) has partnered with Avelacom to launch new Points of Presence (PoPs) in data centers in Hong Kong, Singapore, Shanghai, Dubai and Mumbai in order to give market participants and their clients in Asia and the Middle East connectivity options.

According to the joint statement released this Tuesday, the PoPs provide market participants with access to MOEX’s markets without needing to pay for low latency network connection to Moscow or build further infrastructure.

Specifically, the Russian exchange’s PoPs facilitate trading on its foreign exchange (forex), derivatives, equity and bond markets through Sponsored Market Access (SMA), access to the exchange’s market data and low latency connectivity across trading venues globally.

Commenting on the partnership, Igor Marich, FX and Money Market Managing Director at MOEX said: “We see growing interest in Russian assets from these regions from financial market participants such as investment funds, HFT traders and Market Makers Market Makers Market makers or called dealing desk brokers represent a type of broker that internalize flows and are taking the opposite side of a transaction submitted by their clients. The market making broker is only quoting a feed of prices to its clients. These feeds may or may not be the exact same as the prices quoted on the interbank market.Any order a client enters is processed internally and never goes out to the market, except in rare cases where a market making brokerage identifies a client as a v Market makers or called dealing desk brokers represent a type of broker that internalize flows and are taking the opposite side of a transaction submitted by their clients. The market making broker is only quoting a feed of prices to its clients. These feeds may or may not be the exact same as the prices quoted on the interbank market.Any order a client enters is processed internally and never goes out to the market, except in rare cases where a market making brokerage identifies a client as a v Read this Term.

“The new PoPs in Asia, which have been deployed in the most commonly used data centers for connection, will help existing customers optimize their connectivity schemes, while providing new customers with more effective trading solutions and open access to MOEX’s Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term 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.”

MOEX Reduces Latency to LD4 Data Centre

As well as expanding MOEX’s global reach, the collaboration with Avelacom has also allowed the Russian exchange to reduce the latency from the LD4 data center to MOEX to 36 milliseconds, down from 41 milliseconds.

“This is a meaningful partnership that makes us responsible for the management and support of services to MoEX’s international institutional clients,” added Aleksey Larichev, CEO of Avelacom.

“It’s an acknowledgement [sic] 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.”

In recent months, Avelacom has been expanding its presence in the Asia Pacific region. As Finance Magnates reported, earlier this month the company announced that it had launched a new PoP in Thailand at the Stock Exchange of Thailand’s (SET) data center facilities.