Space startup LeoSat Enterprise said it has secured its first customer for a proposed new satellite constellation promising high-speed traders and others a quicker way to complete transactions.

LeoSat is one of the latest ventures hoping to use satellites to provide high-speed connectivity to overcome perceived shortfalls in terrestrial infrastructure. The Washington, DC-based startup, which was founded in 2013, is in talks with investors to help get the constellation, which could encompass up to 108 satellites, off the ground.