Telstra launched a new low latency connectivity to CME Group’s Aurora data center, providing local financial services organisations with fast and reliable connectivity into other major financial centres including the Australian Securities Exchange (ASX) in Sydney, Australia.
Matthew Lempriere, Telstra’s Global Head of Financial Services Market Segment, said that the new Point of Presence (PoP) at CME Group’s data center will help address customer demands from around the world, by providing enhanced market data and the lowest latency possible when accessing the US market.
“Financial institutions are increasingly 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, to drive agility and flexibility in existing and emerging markets.
“This new PoP combined with Telstra’s award-winning network, means we are well positioned to provide a consistent service experience and a one-stop-shop for our customers’ low latency global connectivity needs.
“It will also enable our US customers to mitigate risks and scale quickly to meet changing business and bandwidth demands, whilst taking advantage of growth opportunities in the Asia Pacific region,” Matthew said.
Telstra’s new low latency connectivity is backed up by comprehensive Service Level Agreements, while Low Round Trip Delay makes it a safer option for businesses operating globally or in diverse geographies.
“The service is highly scalable and can easily handle rapidly changing bandwidth demands, which are characteristic of low latency financial trading and cloud-based services,” Matthew said.
“It also offers customers single point accountability and responsibility, as well as access to diagnostics capabilities, and builds on the momentum of previous PoP placements in both the Singapore Exchange and Hong Kong Stock Exchange in 2013.”
Telstra is an approved carrier of the CME Group’s co-location facility and due to the open access model for telecommunication providers, this service is made available to all CME Group customers trading out of the Aurora data center.