LeoSat Enterprises Contracts
First Customer
September
6 2016
LeoSat
Enterprises has entered into
contract for service with
its first customer, a
globally operating financial
trading company with offices
worldwide.
Automated
algorithmic trading has
grown rapidly over the last
5 years and it is now at a
point where it constitutes
the majority of daily
trading volume. The finance
industry and in particular
the hedge funds and
financial services companies
are always looking for the
latest technologies and
innovations to see the
markets as close to
real-time as possible.
With exchange technology and
big data at the forefront as
key differentiators for
success, companies are also
looking to address the
challenges of latency
management and network
connectivity.
LeoSat’s system of low earth
orbit communications
satellites can achieve lower
latency and stronger
end-to-end security compared
to traditional satellite and
terrestrial solutions used
today. In a market where no
financial institution can
afford to lag behind the
latest price action, LeoSat
can offer average RTT
latency of <93ms from London
to Tokyo and <119ms from
Singapore to London. This is
achieved through an advanced
and unique system
architecture utilizing
optical inter-satellite
laser links which connect
the satellites, creating
fiber-like symmetry at
Gigabits speeds while
providing total security as
the data is encrypted and
secured from end-to-end
across across the network,
with no terrestrial touch
points.
LeoSat’s
Chief Commercial Officer,
Ronald van der Breggen,
said: “We are excited to be
in a position to announce
our first customer almost
four years ahead of the
commercial launch of our
system and while doing so,
also venture into a market
sector where traditional
satellite systems have never
had any suitable product
offering. In addition
to it being proof of our
claim to be a game changer
in the satellite
communication industry, we
take this customer contract
as a very strong endorsement
of our plans to offer
global, low-latency,
high-throughput satellite
capacity, using a Low Earth
Orbit constellation. With
the highest performance
offered by any existing or
planned system, including
fiber, we are already seeing
a high level of interest
from the finance,
enterprise, government and
energy sectors. It is
encouraging to see that
customers recognize we are
beating fiber at their own
game and they are quick to
take advantage of that.”
LeoSat
has completed a feasibility
study with Thales Alenia
Space for its constellation
design and deployment and is
currently working with them
on the next phase to build
the most advanced commercial
satellite system in the
world.
