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Avelacom, the low latency connectivity, IT infrastructure and data solutions provider for global financial markets, today announces that it has become a member of the STAC Benchmark Council™.
Facilitated by the Securities Technology Analysis Center (STAC®), the Council comprises more than 400 financial institutions, including the world’s largest global banks, brokerages, exchanges, hedge funds, proprietary trading shops, and asset managers, as well as more than 50 vendors of hardware, software, cloud technologies and services.
The Council discusses important technical challenges and solutions in financial services and develops technology benchmark standards. Financial firms design STAC Benchmarks™ to address their most pressing technical needs, with input from leading vendors.
Avelacom will provide its expertise based on its track record of setting up low latency IT infrastructure for crypto markets that are associated with public clouds. Avelacom is one of only a handful of firms that has pioneered high-performance, low-latency network solutions for TradFi institutions that use physical dedicated IT infrastructure and that also need the same quality of solutions to access crypto markets located in public clouds.
Aleksey Larichev, CEO of Avelacom said: “Demand for low latency access to public clouds has been steadily growing and this is driven by continued institutional adoption of digital assets. Public cloud infrastructure provides great opportunities in terms of entry costs, ease of setup and scalability. But still, the market needs better transparency and latency benchmarks since most of the participants are new to public clouds. We are glad to join the STAC Benchmark Council and share our experience and insights as well as be involved in tests with our peers. We hope our efforts will help to mature the crypto markets’ critical network infrastructure.”
Peter Nabicht, President of STAC, said: “We are very pleased to welcome Avelacom to the STAC Benchmark Council. The problems on which Avelacom focuses — low-latency and cloud connectivity — are important challenges for many financial firms.
Aleksey Larichev, Avelacom
