31 July 2013
Singapore, 31 July 2013 – StarHub today launches its Ethernet low latency network, to allow Singapore-based financial trading companies to better respond to market changes and manage their risk exposure.
Called the StarHub Ethernet Low Latency Network, it offers financial trading companies the fastest network connection, providing a guaranteed low latency of under 1 millisecond round trip delay for the connection from their facilities to their set-up in Singapore Exchange (SGX) co-location data centre. This is up to four times faster than the existing network for financial trading. As such, financial trading firms using Ethernet low latency network can execute transactions in blazing speed as well as enjoy faster updates on market data from trading venues. This is particularly important to traders in algorithmic trading, who require the lowest latency network connectivity to reduce delay and maximise returns of investment.
The StarHub Ethernet Low Latency Network also allows customers to enjoy dedicated bandwidth easily scalable from 2Mbps to 1000Mbps. This means they can subscribe for the exact amount of bandwidth needed, and avoid paying for unnecessary capacity. At any time if an increase in bandwidth is required, they can expect a seamless upgrade of their network connection without service disruption.
In addition, customers on this network can monitor their low latency link performance closely anytime, anywhere by logging on to the online network performance portal from their laptops or smart devices to obtain network statistics such as bandwidth utilisation, latency and network availability. They can also receive around-the-clock technical support on connectivity issues.
Mr Kevin Lim, Managing Director of StarHub’s Enterprise Business Group, said: “As Singapore’s leading info-communications service provider in the financial services industry, StarHub understands the specific connectivity requirements of this customer segment and strives to deliver value to these customers by continually investing in innovative technologies. As the volume of trading continues to rise here, we responded to this by rolling out our ultra low latency network to support the financial trading community where it really matters.”
Ms Tinku Gupta, Head of Market Data & Access at SGX, said: “We are pleased that StarHub, with their Ethernet low latency and reliable network, has raised the bar of connectivity services being offered within Singapore. Being an international exchange located in one of the world’s top financial centres, it is important to continually offer such innovative technologies catering to the needs of our domestic and international trading participants.”