Ted Higase, president and CEO, KVH
"This partnership underscores KVH's commitment to the financial sector and its vision of being Asia's leading information delivery platform."
Tokyo - Asian delivery platform KVH Co. has entered into a partnership with MarketPrizm to expand its low latency network and trading infrastructure provision in Asia.
Through the partnership KVH will provide the following additional
services from July:
· Exchange colocation services in key Asian exchanges available in whole or partial racks
· Enhanced trading infrastructure services including hardware leasing, management, and OS support
· Market data* in multiple formats as well as data migration support
· A financial extranet (PrizmNet) connecting 30+ markets across Japan, Greater Asia, Europe, and US
KVH will provide financial services customers with either modular trading infrastructure components or fully managed on-demand turnkey network solutions depending on their requirements.
"This partnership underscores KVH's commitment to the financial sector and its vision of being Asia's leading information delivery platform. The combination of MarketPrizm's expertise and deep penetration in the capital markets with KVH's strength in low latency networks and data centers, provides a strong combination in addressing the increasingly demanding requirements of trading firms", explains Ted Higase, KVH President and Chief Executive Officer.
"Our combined offering responds to market requirements for on-demand infrastructure solutions with reduced time-to-market, extensive market coverage across asset-classes and single vendor relationship," adds Machifumi Kashiwagi, KVH VP Product Management.
"Market participants will now be able to access our combined solutions directly from KVH - removing the need to maintain multiple contracts and vendor relationships and thus making it easier for financial firms to outsource their trading setup to gain a competitive advantage and to focus on generating alpha," said Jay Hibbin, Commercial Director at MarketPrizm.
*MarketPrizm is Vendor of Record and as such remains the contractual party.