Avelacom and Seed CX Start Partnership to Enhance Crypto Traders’ Market Data, Order Routing
Avelacom has decided to start a partnership with a Chicago-based crypto exchange called Seed CX. The partnership is being started in order to provide more infrastructure and connectivity solutions for Avelacom.
The official announcement was that the partnership would provide the company’s institutional investors with real-time market data and some other routing solutions. Now, the traders of Avelacom will be able to benefit from this new integration in order to add more crypto or digital assets in their portfolios at the platform.
Avelacom has a very big network. The company has over 30,000 miles of fiber routes which connect several continents such as Europe, Asia and the Americas, as well as Australia. The technology provided by the company has a high level of sophistication and it can provide up to 100 Gbp (upgradable to 400 Gbps).
The company, which is based in Russia, has some new plans to start an office in Singapore, too, so it can collaborate with the crypto exchanges from the region and implement a high-quality infrastructure there as well.
According to the official reports from the company, the Asian market would be heavily benefited from low-latency solutions in the company, which could include cross-connect opportunities, order routing, market data delivery and cloud strategies, too.
Seed CX is, on the other hand, obviously more interested in offering more options for its investors. For instance, the company is said to be offering a new feature for institutional investors, launch spot trading.
Aleksey Larichev, the managing director of the company of Avelacom, has affirmed that the company has found that most trading platforms have a wide range of issues related to how they are not very technically good. For instance, they have a low uptime, very slow matching engines and are simply insufficient when it comes to supporting their traders.
Seed CX, however, was seen said to be very efficient in all these aspects, which is why it was chosen as the partner for this new investment. According to Avelacom, the company was delighted to have such a partnership with a healthy company like this one and to provide value to its clients in the trading space.
Adam Leaman, the head of market operations at Seed CX, affirmed that the company was also hyped about the partnership because it would help to expand the global presence of the company and to connect the markets. This way, both companies would be helping each other in this new partnership.