Telstra (ASX: TLS) has launched a low-latency network that connects the Australian Securities Exchange (ASX) data centre in Sydney with the Singapore Exchange (SGX).
According to Telstra global head of financial services market segment, Matthew Lempriere, the investment was driven by customer demand in Australia and Singapore.
“Millisecond improvements in network speed can be what it takes to get the edge over the competition. This new connection is highly scalable and easily handles fast-changing bandwidth demands, common among low-latency financial trading,” he said in a statement.
The connection was made possible by Telstra’s 100gbps capacity low-latency optical link from Sydney to Perth with an extension from Sydney to Melbourne ready for 200gbps services.
“By carrying 100Gbps in a single wavelength, this significantly improves the delivery and reliability of data transfers and the critical trans-Australian route from Sydney to Perth is now lowest latency, under 20 milliseconds and 25 per cent lower than the current route,” said Lempriere.
In August 2014, Telstra signed up as a customer of the ASX data centre in Sydney.
At the time, Lempriere said the Point of Presence (PoP) will help its customers connect with the ASX and international financial markets.
“Financial institutions are facing diverse challenges relating to speed, resilience and integrity of data. At the same time they are looking for higher bandwidth and reliable low-latency connectivity.”
Telstra also operates PoPs in the Singapore and Hong Kong stock exchanges.
Follow Hamish Barwick on Twitter: @HamishBarwick
Follow Computerworld Australia on Twitter: @ComputerworldAU, or take part in the Computerworld conversation on LinkedIn: Computerworld Australia