The connectivity is enabled via a point of presence in AWS Stockholm, and is set to boost access to crypto prediction market platforms that make use of the path between Tokyo and London-based cloud infrastructure.
The development aligns with ongoing efforts to form a regional infrastructure layer connecting Argentina, Chile, Colombia and Peru, and is set to provide institutional clients across the world with real-time market data access, The TRADE understands.
Prediction markets have traditionally been largely driven by retail demand, however findings in Acuiti’s recent report point towards a growth in institutional interest, with planned adoption from these firms highest in the US.
Although firms recognise the benefits of extending trading hours, proprietary traders are more aligned on the challenges posed, such as operational staffing and resource requirements, according to an Acuiti and Avelacom report.
An increased focus on risk management and trading strategies in the past decade are key to the firms’ strong performance, according to a report by Acuiti and Avelacom.
The expanded offering will allow for low latency fiber routes through Seoul – Hong Kong and Seoul – Singapore.
The expected additional headcount follows a period of strong performance for proprietary trading firms, according to Acuiti’s latest report.
Around two thirds of firms are set to make higher than average investments in 2024, with algo trading tools, connectivity to new markets, and market data the top priorities, according to the latest Acuiti report.
Connectivity provider Avelacom is setting up in TASE’s primary data center to provide connectivity, colocation and hardware-as-a-service (HaaS) solutions
The move will allow investment banks, hedge funds, and other market stakeholders to engage with one of Southeast Asia’s fastest-growing markets.