Market data firm Anova Financial Networks has upped the ante in Asia and announced the expansion of its footprint with new hybrid Points-of-Presence in Shanghai, Tokyo, Singapore and Taiwan. Anova offers wireless and fiber connectivity and market data distribution across all asset classes worldwide.
The timing of Anova's move to improve connectivity between main Asian liquidity centers also coincides with other factors that paint a positive picture for growth in Asian markets. Government reforms, rising wealth, pioneering technology have spurred enhanced transparency and increased the need for efficient global execution and price discovery.
“We viewed the Tokyo metropolitan government’s active promotion of the city as a worldwide finance capital, the One Belt, One Road initiative and exchange controls reform in China as signs that would accelerate the development of the Asian financial landscape,” said Kieran Athy, CTO, Anova Financial Networks. “Consequently, Asian and transnational trading firms with provincial capabilities should be positioned to benefit from these positive developments, supported by Anova’s ability to deliver ultra-low latency, high availability transport and market data solutions.”
The announcement was made in conjunction with the Futures Industry Association's 14th Annual Asia Conference in Singapore and Anova plans to locate its Asia headquarters in the city-state and use Singapore as a base of operations for further regional expansion.