Financial institutions with operations in Japan may find speedier network speeds with the help of NYSE Technologies. The managed service provider (MSP) has a new deal with the Japan Exchange (JPX) to use the Japanese colocation operation to support a range of NYSE offerings.
NYSE expects to begin offering services based on JPX for buy and sell side transactions this May. Other services include packaging market information and trading.
NYSE already has one partner, the Tokyo Liquidity Center, upon which it bases its services.
The colo-agreement will help NYSE provide high-speed, low-latency connections, critical to the trading world where seconds can sometimes make the difference between a score and a bust.
“NYSE Technologies’ commitment to the new JPX co-location space, in addition to the existing Tokyo Liquidity Center, represents the next step in the execution of our managed services and global community strategy. With professional service level agreements in place, it will offer institutional buy-side customers access to co-located trading and market data infrastructure services in the Japanese markets,” said Daniel Burgin, Head of Asia Pacific, NYSE Technologies. “Simultaneously, we will offer sell-side participants a cost efficient hosting of infrastructure, client-on boarding, testing and market data replay services.”
NYSE isn’t just offering pipes, but computing infrastructure as well, including servers on demand and the network devices needs to exploit the company’s connections. Applications are also supported and managed by NYSE, including data routing and market data to support decision making.
The Challenges of Asian Connectivity
While many of the economies in Asia are expanding rapidly, growth is actually being held back by the lack of a high-speed communications network that covers the entire region, according to an analysis by The Asian development Bank Institute.
There is a touch of irony to the situation, though. The rapid growth of Asian economies is overwhelming the communications infrastructure, preventing even greater growth.
Not only are connectivity shortcomings holding back Asian economies; they also harm the ability for the rest of the world to work with Asian partners and exploit the region’s markets.
The Institute is proposing as a goal, “A Seamless Asia,” which is a “physically, economically and financially integrated region connected by world-class, efficient and environmentally friendly infrastructure networks in transport, energy, water and telecommunications that promote trade and investments within the region and with global markets, widen access to markets and public services and thereby promote inclusive and sustainable economic growth and reduce poverty,” the Institute argues.
Achieving the goal requires that Asian nations cooperate fully – and an investment of some $8 trillion over the course of a decade.
Edited by
Braden Becker
