CME Group approves KVH to provide low-latency connectivity services
CME Group will launch its colocation services comprised of hosting, connectivity and support services on January 29, 2012, at its new data centre. The new data centre will house its trade matching engines for all products traded on the CME GlobexR platform. Leveraging the new CME colocation facility and KVH low-latency networks, the new route will provide U.S. traders
with connectivity to Japan as well as to other Asian markets, including Australia.
Richard Warley, President and CEO of KVH, said, "We are very pleased that CME Group has approved KVH to offer low-latency connectivity services at the new CME colocation facility. With high frequency trading pushing demand for low-latency networks, we expect the Tokyo to Chicago/Aurora route to increase transaction volume significantly. KVH is committed to serving
the needs of financial customers with reliable low latency infrastructure and continues to invest for expanding its geographic reach and service portfolio."
Source: Automated Trader
