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CME Group, the world's leading and most diverse derivatives marketplace, and KVH Co., Ltd. (“KVH”), Asia’s leading information delivery platform providing integrated cloud and network solutions, today announced that CME Group has approved KVH as a provider of connectivity services into and out of the new CME Co-Location facility.
With the approval of CME Group, KVH expands its ultra low-latency network offering for the financial services community to Aurora, IL by adding a new network point of presence (POP) at the new CME Co-Location facility.
This new Tokyo-to-Aurora route will be operational on December 22, 2011 and deliver latency below an average estimate of 128 ms, which will be one of the fastest networks between these locations in the market today.
CME Group will launch its Co-Location Services comprised of hosting, connectivity and support services on January 29, 2012, at its new, state-of-the-art data center. The new data center will house its trade matching engines for all products traded on the CME GlobexR platform, and provide the lowest latency connection for its customers.
KVH launched its first U.S. POP in Chicago in January 2011 and has been expanding the geographic reach of its low-latency network in key financial centers. Leveraging the new CME Co-Location facility and KVH global 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 Co-Location 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.”
