Low-latency data provider ACTIV Financial has teamed with Japanese network and IT infrastructure provider KVH Co to offer high-speed market data dissemination to financial institutions in Japan.
The joint data solution will be based on optical networks and data centres located close to exchanges. It will give customers access to global market data feeds and an on-site ticker plant with direct links to Japanese bourses such as the Tokyo Stock Exchange (TSE) and Osaka Securities Exchange.
According to ACTIV, low-latency market data will be key for investors in Japan following the introduction of next-generation trading systems in the country. The TSE plans to install a new equities trading platform, dubbed Arrowhead, in Q1 2010.
KVH will act as the network and hosting partner in Japan for ACTIV’s low-latency network.
“As global marketplaces become more competitive, ACTIV is expanding its geographic reach to ensure our customers benefit from fast access to global market data,” said Frank Piasecki, co-founder and president, ACTIV Financial, in a statement. “The KVH’s proximity services excel in speed, reliability and location, and are highly regarded as an ideal platform for low-latency market data ticker plants.”
“By combining KVH’s proximity services with ACTIV’s market data feed, our customers will gain all the benefits of a fully managed and consolidated market data solution,” said Zhongmin Guo, vice president of KVH’s Telco business unit.