Addition of direct low latency connectivity to the NSE, SGX and HKEx, ensures fast, secure and scalable connectivity for latency sensitive trading
Mumbai - October 9th 2013 - Tata Communications , a leading provider of A New World of Communications, today announces the extension of its low latency network in Asia with direct connections to the National Stock Exchange of India Limited (NSE), the Singapore Exchange Limited (SGX) and the Hong Kong Stock Exchange (HKEx). The low latency network further extends the company's global financial trading connectivity network. As a result, it will support mission critical, real-time trading applications by seamlessly connecting the exchanges with major financial capitals in Asia, the United Kingdom and the United States.
Tata Communications' low latency network is faster than traditional point-to-point systems. The pure Ethernet platform with native multipoint support enables financial trading businesses and other companies that require latency sensitive connectivity to respond faster in the dynamic Asian market. The global network integrates exchanges with market leading low latency connectivity to Europe and beyond, enabling firms to reach major financial centres, such as in Chicago and London in milliseconds, through a single network and single supplier model.
Genius Wong, Senior Vice President, Global Network Services, Tata Communications, says, "Given the challenging economic conditions, fast, secure and reliable connectivity is crucial for businesses. The extension of our network via direct connections to SGX, HKEx and NSE exchanges will enable financial trading firms around the world to execute faster transactions and receive immediate market updates, mitigating financial risks and becoming more participative in the global economy."
Tinku Gupta, Head of Market Data & Access, Singapore Exchange Limited, says, "We are delighted to have Tata Communications in the SGX data centre, one of the very few data centres in Singapore to undergo Threat Vulnerability Risk Assessment (TVRA) and purpose-built according to the industry best practices to meet stringent hosting requirements of the financial community. Providers like Tata Communications complement our international reach and enhance connectivity options for customers connecting to SGX, the world's biggest offshore market for Asian equity index derivatives."
Jonathan Leung, Vice President and Head of Hosting Services, Hong Kong Stock Exchange adds, "We are very pleased to have Tata Communications join as part of our Hosting Services network. Members of our ecosystem will be able to easily access Tata Communications' services through a direct cross connect. Tata Communications' network will further allow our members to connect directly to some of the major financial centres and cities in the world."
Joel Stradling, Research Director, Current Analysis says, "The expansion of Ethernet connectivity into major stock exchanges in India, Singapore and Hong Kong, strengthens Tata Communications' global low latency portfolio targeting financial institutions by adding strategically significant markets to an existing global low latency footprint. Customers that need low latency connectivity into NSE, SGX and HKEx can take advantage of several unique differentiators within Tata Communications' Ethernet range, such as its round-the-world cable assets and the benefits of an innovative and unique PBB architecture."
Tata Communications' low latency network is the only multipoint Ethernet service offering on a single network underpinned by 802.1ah, Provider Backbone Bridging (PBB) technology. The underlying core Ethernet technology provides the lowest possible latency as it is native Ethernet with no mapping to other protocols like SDH. It also adds an additional layer of security by separating the customer's traffic with each customer benefitting from dedicated bandwidth.
This expansion announcement is the latest example of Tata Communications' vision to make global businesses better connected and enhance collaboration between enterprises across established and emerging markets.
About Tata Communications
Tata Communications Limited along with its subsidiaries (Tata Communications) is a leading global provider of a new world of communications. With a leadership position in emerging markets, Tata Communications leverages its advanced solutions capabilities and domain expertise across its global and pan-India network to deliver managed solutions to multi-national enterprises, service providers and Indian consumers.
The Tata Communications global network includes one of the most advanced and largest submarine cable networks and a Tier-1 IP network with connectivity to more than 200 countries and territories across 400 PoPs, as well as nearly 1 million square feet of data centre and collocation space worldwide.
Tata Communications' depth and breadth of reach in emerging markets includes leadership in Indian enterprise data services, leadership in global international voice, and strategic investments in South Africa (Neotel), Sri Lanka (Tata Communications Lanka Limited) and Nepal (United Telecom Limited). Tata Communications Limited is listed on the Bombay Stock Exchange and the National Stock Exchange of India.
Forward-looking and cautionary statements
Certain words and statements in this release concerning Tata Communications and its prospects, and other statements, including those relating to Tata Communications' expected financial position, business strategy, the future development of Tata Communications' operations, and the general economy in India, are forward-looking statements. Such statements involve known and unknown risks, uncertainties and other factors, including financial, regulatory and environmental, as well as those relating to industry growth and trend projections, which may cause actual results, performance or achievements of Tata Communications, or industry results, to differ materially from those expressed or implied by such forward-looking statements. The important factors that could cause actual results, performance or achievements to differ materially from such forward-looking statements include, among others, failure to increase the volume of traffic on Tata Communications' network; failure to develop new products and services that meet customer demands and generate acceptable margins; failure to successfully complete commercial testing of new technology and information systems to support new products and services, including voice transmission services; failure to stabilize or reduce the rate of price compression on certain of the company's communications services; failure to integrate strategic acquisitions and changes in government policies or regulations of India and, in particular, changes relating to the administration of Tata Communications' industry; and, in general, the economic, business and credit conditions in India. Additional factors that could cause actual results, performance or achievements to differ materially from such forward-looking statements, many of which are not in Tata Communications' control, include, but are not limited to, those risk factors discussed in Tata Communications' various filings with the United States Securities and Exchange Commission. These filings are available at www.sec.gov. Tata Communications is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements.