International investment bank Credit Suisse has launched a low-latency direct market access (DMA) service in Singapore. The new service, Advanced Execution Services (AES) Velocity is part of a drive by Credit Suisse to upgrade its technology in the Asia Pacific region.
According to the firm, AES Velocity is currently achieving DMA with latency figures of 265 microseconds in Singapore.
AES Velocity has been available in Japan since January 2010 and Hong Kong since June 2010. Credit Suisse claims that its clients on the Tokyo Stock Exchange and the Hong Kong Stock Exchange using AES Velocity are able to achieve one-way latency figures of 200 microseconds and 600 microseconds respectively.
“Credit Suisse remains committed to bringing ultra-low latency trading to every viable market in Asia Pacific,” said Hani Shalabi, head of AES for Asia Pacific at Credit Suisse. “We have built our leadership in global and Asian electronic trading by listening to what our clients need and meeting those needs. Today, it's important for many of our clients to have ultra-fast direct market access, so we have delivered sub-millisecond trading speeds in three major Asia Pacific markets so far this year.”
Credit Suisse also plans to introduce AES Velocity to Australia.