Telstra’s Adam Day Expounds on November Equinix Deal; Opportunities for Trading, Fintech, Crypto, Gaming Into Asia

John Lothian

John Lothian

Executive Chairman and CEO

In early November Telstra partnered with Equinix to enhance the Telstra Octagon financial services solution and expand global access and direct connectivity between North America and eight of the world’s major futures and commodities exchanges. JLN interviewed Telstra’s Adam Day after the FIA EXPO about this deal and what it means for Telstra’s customers and potential clients.

The Telstra Octagon solution uses Telstra’s ultra-low latency global networks to support high-frequency trading activities. And now, with Telstra’s financial trading solution available on Platform Equinix, Telstra can now offer financial organizations improved network connectivity, access to the Equinix data center and colocation and Equinix Fabric interconnection services adjacent to the exchanges.

Day explains it all, albeit with lots of jargon, but Telstra has a unique offering that involves a lot of data traffic over its network, including its “massive” subsea cables. Data use jumped 50% on parts of its international network after the start of the pandemic as people flocked to screens to interact with colleagues, or worked from home or engaged in gaming or used online health services, Day said.

Retail traders also contribute to the increased traffic, Day said.

Telstra works with other services providers or private equity firms as a consortium to invest in laying new cable and owns 25% of Southern Cross Next, a cable from Australia through the Pacific to the U.S. that will be up and running in the spring of 2022 and will offer the lowest latency route, Day said.

Telstra has also invested in cables from Hong Kong to the U.S. and Singapore to the U.S., Day said.

Recruiting a diverse workforce is an issue Telstra is working on, particularly giving women  leadership roles and bringing younger people into the industry, Day said.

We visit more than 100 financial news websites daily (Would YOU do that?)

The Spread

Todays  Options Newsletter

More online traders betting on options and futures, IG says

Observations & Insight There's still time to register for this year's FIA-SIFMA Asset Management Derivatives Forum February 7-9 in Dana Point, California. FIA and SIFMA AMG are bringing together market participants from all sides of the trade to examine the latest...

Now Read This

Book “Regtech, Suptech and Beyond” Looks at Technological Solutions for Regulatory Oversight

Book “Regtech, Suptech and Beyond” Looks at Technological Solutions for Regulatory Oversight

There is a new book out from Risk Books titled “Regtech, Suptech and Beyond.”

The book is a compendium of chapters addressing technology and innovation in regulatory and supervisory oversight in financial services. Different authors explore the emerging best practices in regulatory oversight and financial services that leverage technological solutions.

SEC Special Counsel Laura Harper Powell collaborated with the former President of ICE Trade Vault and current President and Founder of CoinReg Tech Bruce Tupper on a chapter in the book focusing on CFTC regtech implications for virtual currency trading.

New Non-Price Oriented Risks to Manage: Covid and Cancer

New Non-Price Oriented Risks to Manage: Covid and Cancer

This newsletter is all about managing non-price oriented risks. I used to have a lot of trading related risks when I was an online futures broker and actively managing money as a Commodity Trading Advisor. Today I have different kinds of non-price oriented risks to manage, ones that would fall into our Wellness Exchange section: COVID-19 and cancer. 

Pin It on Pinterest

Share This Story