Avelacom Wins FX Markets e-FX Award

Fazzaco has learned that Avelacom, the leading network service provider specializing in low latency connectivity, has won the FX Markets Award for best connectivity, hosting and co-location services for electronic FX trading.

According to the official press release, the latest award recognizes Avelacom’s excellence as a global leader in network services and IT hardware solutions tailored for the financial industry and specifically FX trading firms, one of the largest groups in capital markets.

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Over the past 12 months Avelacom has been expanding its network and IT infrastructure, with 50% of its revenues reinvested in its hardware, capacity building and latency optimisation. 

As clients have demanded access to trade more EMFX, Avelacom has increased its points-of-presence (PoPs) and enhanced its fiber backbone across Asia, Latin America, India, Eastern Europe, Middle East and Africa, making these new markets easier and more efficient to access.

 "We are very happy to get this award. Currency is our main asset category, the currency industry grows rapidly, which promotes us to improve the latency, increase network capacity, and launch new network points, To access more monetary markets. GoLacom is a leading connection, hosted and host hosted service providers in the global currency and encryption market, " commented Aveksey Larichev, CEO.

As Fazzaco reported earlier, Avelacom has acquired ITDN Ltd, an IT trading infrastructure specialist headquartered in Sao Paulo, to boost its presence in Brazil.