Linedata, a trading solutions provder, has opened a new data facility in Singapore to offer Asian clients low-latency capabilities for the region, including remote access functionality.
“We take care of the hardware and software which frees clients up to focus on running their business,” said Sally Crane, managing director of Linedata Asia. “The fact that our offering is now hosted locally in Singapore means a faster service and deployment of local expertise in addition to our existing services.”
Linedata hosting is designed to be scalable so that it can be used by startup hedge funds and major financial institutions alike. The data centre is run by Savvis, a provider of cloud infrastructure and hosted IT solutions and will form part of a global network that also includes facilities in the US and Europe.
“High levels of security for managed hosting and cloud is of the utmost importance to enterprises today,” said Mark Smith, managing director, Asia, Savvis. “At Savvis we have data and network encryption at our disposal and can secure the cloud infrastructure at multiple levels.”
Smith added that clients such as Linedata that offer cloud-based services are thus able to provide customers with security, backup and recovery, infrastructure and service reliability. Linedata currently serves some 700 clients in 50 countries and is already connected to data centres in the US and UK.
Linedata’s new Singapore facility comes amid a number of reforms at the Singapore Exchange that aim to boost liquidity and attract greater foreign trading flows. This includes the elimination of the lunch break for trading and the implementation of a new trading platform in August, which the exchange claims is the world’s fastest.