The London Stock Exchange Group (LSEG) has partnered with Hong Kong telco PCCW Global to help it move mission-critical market data between its premises, data centres, devices and services.
According to HKT-owned PCCW, as direct data transfer requirements to and from LSEG grow, its Console Connect platform will now enable financial service providers to scale their network to meet peak traffic demands.
The platform claims to allow businesses to transfer data via PCCW Global’s automated and privately managed network that delivers the reliability and low latency required by the financial markets.
Thousands of businesses are already interconnected via the Console Connect platform – which PCCW acquired in 2017 – including a growing financial services sector. This enables users to create communities of directly connected service providers, clouds and applications.
Traffic on the underlying PCCW Global network is isolated from the public Internet, removing the need for financial service providers to deploy VPNs. PCCW said that this grants these firms greater control and visibility over network costs through a pay-as-you-use model.
In a press release, Frederick Chui, CEO, PCCW Global said: “With reliability, speed and agility being so critical to the financial sector, PCCW Global and Console Connect are well positioned to help businesses with the transfer of important data to LSEG.
“Our on-demand platform and global automated network can help businesses worldwide access LSEG securely and on their own terms.”
Nigel Harold, head of hosting and connectivity, London Stock Exchange, added: “We are excited to welcome Console Connect as an Accredited Connectivity Partner. Their experience, expansive global network reach and user-friendly portal will benefit our Customer Managed Connectivity service, meeting the needs of customers who require connections via reliable, fast turn-around network connectivity,”
The PCCW Global network extends LSEG’s reach to key financial markets across Asia, including Singapore, Australia, Hong Kong, Indonesia, Japan and Malaysia. PCCW claimed that all connections were backed by stringent SLAs, covering jitter, packet loss and latency.
In 2022 LSEG decided to shutter its primary City of London datacentre and migrate its data and workloads to a newly built datacentre campus overseen by colocation provider Telehouse on the Isle of Dogs in East London.
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