The Australian Stock Exchange (ASX) and NYSE Technologies, the commercial technology business of NYSE Euronext, have connected their global networks.
The link between ASX Net Global and NYSE Technologies’ Secure Financial Transaction Infrastructure (SFTI) will give customers of NYSE Technologies access to ASX markets and market data services. ASX is the first Australian venue connected to this network.
The connection will support the exchange of traffic between the two networks and the firms say they will explore additional benefits that can be offered for customers connected to ASX Net Global and SFTI.
Recently, the two companies completed the first step in a peering arrangement giving ASX 24 (formerly known as the Sydney Futures Exchange) access to NYSE Technologies’ SFTI customers.
They will add more services in the coming months, including access to cash products via the ASX Trade market.
David Raper, the general manager of trading services at ASX, said that clients at the ASX Australian Liquidity Centre would be able to benefit from enhanced offshore access and the deal would also make ASX more accessible to international investors wanting to trade both ASX 24 and ASX Trade markets.