Telstra has furthered its Singapore connection, launching a low latency network between Australia’s ASX and the Singapore Exchange (SGX).
Matthew Lempriere, Telstra’s Global Head of Financial Services Market Segment, said the investment was driven by customer demand in both markets, and builds on existing services that Telstra rolled out last year for financial markets in Chicago, Hong Kong and London.
“Today, millisecond improvements in network speed can be what it takes to get the edge over the competition. This new connection is highly scalable and easily handles fast-changing bandwidth demands, common among low latency financial trading.”
Mr Lemprier said Telstra’s new 100Gbps capacity low latency optical link from Sydney to Perth made the Singapore route possible, with an extension from Sydney to Melbourne ready for 200Gbps services.
He said the trans-Australian route from Sydney to Perth is now the lowest latency option, under 20 milliseconds and 25 per cent lower than the current route.
“We believe this new route between these two financial hubs will become a one-stop shop for our customers’ low latency global connectivity needs, enabling an estimated 91.5 millisecond round trip delay from Sydney to Singapore, Mr Lempriere said.
“As a result, it will also drive participation across Singapore and Australia by a larger number of global trading firms, who are seeking the next generation of growth opportunities and looking to capitalise on trading opportunities between these marketplaces.”
The news comes as Telstra-backed start-up accelerator muru-D announced an expansion to Singapore and is further evidence of the telco’s continued push into Asia.
muru-D, which has been operating in Sydney since October 2013, said applications will open in May for ten technology start-ups from across Southeast Asia, with the program to begin in August 2015.
Source: Herald Sun
