StarHub launches Singapore's fastest network to support financial firms

StarHub launches Singapore's fastest network to support financial firms

Summary: Up to four times faster than what's currently available for financial firms in Singapore, the Ethernet Low Latency Network offers a guaranteed low latency of under 1ms--a boost for high frequency trading.

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Telco StarHub has launched Singapore's fastest network connection, up to four times faster than existing networks supporting financial firms and their latency-sensitive trading applications.

Called the Ethernet Low Latency Network, it will especially be a boost for high frequency trading and obtaining market data updates from trading venues. The platform offers a guaranteed low latency of under 1 millisecond round trip delay for the connection from their facilities to their equipment in the Singapore Exchange (SGX) co-location data center.

Kevin Lim
Kevin Lim, managing director of StarHub's enterprise business group.

Kevin Lim, managing director of StarHub's enterprise business group, said the product was rolled out in response to the growing volume of trading and feed the demand for faster connectivity inline with other financial hubs.

For example, he noted the London Stock Exchange Group (LSEG) migrated to the "Millennium Exchange" trading platform since 2011, enabling trading speeds to reduce from average of 1.6 milliseconds to sub-milliseconds for co-located or "proximity hosted" trading firms.

In Hong Kong, the HKSE recently launched a new data center with plans to offer hosting services to Securities Trading, the Derivatives Market or access to its Securities and Settlement systems. This will reduce the latency within its trading community co-located within its data center, Lim said.

Lim elaborated the platform was built over StarHub-owned fiber network. "This network connects the buildings where the top financial trading firms are operating from, providing them with a dedicated and resilient network connection designed with full redundancy for their mission critical trading systems and data transmission," he added.

"We optimize the fiber route with the shortest path and faster processing network equipment to achieve better latency performance," he explained.  

The network also provides customers dedicated bandwidth scalable from 2Mbps to 1,000Mbps. This means they can subscribe for the exact amount of bandwidth needed, and avoid paying for unnecessary capacity, explained StarHub.

In addition, an online network performance portal will allow customers to monitor the link's performance such as bandwidth utilization, latency and network availability.

Topics: Networking, Banking, Fiber, Telcos, Singapore

About

Loves caption contests, leisurely strolls along supermarket aisles and watching How It's Made. Ryan has covered finance, politics, tech and sports for TV, radio and print. He is also co-author of best seller "Profit from the Panic". Ryan is an editor at ZDNet's Asia/Singapore office.

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  • Vague untested claims and statements

    From their facilities to their equipment in the Singapore Exchange? What facilities and where?

    Secondly, everybody in Singapore can claim a maximum 1 ms delay using a fiber connection considering that the speed of light is 300.000 km/s and Singapore is such a small Country (710km2).

    Thirdly, 2Mbps?? What is it with these ancient bandwidth speeds? And "Subscribe to bandwidth needed, and avoid paying for unnecessary capacity"? They make it sound like a new product such as capacity on demand but I guess you are still paying for the bandwidth that you are not using. For example if you apply for a 100Mbps connection and only use 50Mbps at the time. Nothing new about that.

    Fourthly, "Network performance portal will allow customers to monitor the link's performance". Do we feel it's trustworthy in such mission critical environments to use tools from the provider to measure the provider's service level performance?

    Arnaud Kleinveld
    Arnaud Kleinveld