Avelacom, a global network service provider, has entered into a new partnership with Dubai Gold & Commodity Exchange (DGCX).

The partnership expands options for financial services industry to speed up their trading and identify new arbitrage trading opportunities across key financial and commodity derivatives markets.

Avelacom will provide DGCX members with added connectivity choices and infrastructure solutions. The architecture of Avelecom will, include additional bandwidth with exceptionally low latency, high frequency trading hosting services and co-location in close proximity to exchange matching engines, said a statement.

As a result of the partnership customers can gain faster access to  international markets via Avelacom’s ready-built 30,000 miles global fiber infrastructure. Financial services companies, especially those who employ algorithmic trading systems, will have an opportunity to benefit from DGCX market data ultra low latency delivery.

Due to its close proximity to DGCX trading platform Avelacom’s new node in Dubai has helped facilitate a significant reduction in latency to a wide range of global destinations, it said.

“We are excited to extend our footprint into Dubai. DGCX is one of the most dynamic derivatives exchange in the Middle East and we see plenty of scope for further development. We intend to service the requirements of our existing client base as well as to win new business in the Middle East because of the rising demand for low latency connectivity and infrastructure solutions for trading”, said Aleksey Larichev, Avelacom’s managing director.

Gaurang Desai, CEO of DGCX, said: “We are very happy to welcome Avelacom as a connectivity partner. Our partnership with Avelacom continues to endorse our commitment to offer our Members global access to the world’s leading trading technology solutions. This enhances our global connectivity which we have been steadily expanding vide our alliances over the last few years.” - TradeArabia News Service