ASX offers co-location to support high-speed data, execution
Published on July 4, 2008.
The Australian Securities Exchange (ASX) is to offer co-location hosting services that will enable clients to place trading equipment and assigned ITS gateways in the same data centre as ASX’s ITS primary trading engine.
ASX claims that co-location, also known as proximity hosting, will allow high-speed market data delivery and trade execution with minimal latency between participant systems and its trading engine. The service will be of particular interest to clients who favour algorithmic and direct market access trading strategies, ASX said.
“ASX has developed the new co-location hosting service to meet the growing demand from customers whose businesses depend on speed of access to the market,” said Will Wilson, ASX general manager domestic customer management and sales, in a statement. “The launch of this new co-location hosting service will improve ASX’s attractiveness to global investors and offshore trading groups as the exchange with the tightest bid-offer spreads in the Asia-Pacific.”
ASX anticipates that the co-location hosting service will be available to its clients in the fourth quarter 2008.
