The Australian Securities Exchange (ASX) is targeting greater connectivity to its markets from international trading firms with the launch of ASX Net Global, its new low-latency network.
The services lets customers located in overseas data centres – specifically Interxion London, Equinix Chicago and Singapore Exchange’s facility – connect to ASX equity market, ASX 24 derivatives market and access the full range of services in the bourse’s recently launched Australian Liquidity Centre (ALC).
International firms that already connect to ASX 24 will be migrated to ASX Net Global in the first half of this year.
The network will also support local firms based in the ALC that want access to the financial communities at the offshore hub sites. The ALC hosts trading engines, execution venues, market data vendors, network providers and trading technology vendors.
ASX Net Global will be underpinned by technology from BT Radianz Interconnect, the UK telecommunications provider’s financial markets connectivity solution. The BT Radianz Cloud will let existing ASX members join the new network.
“The launch of ASX Net Global allows ASX to offer enhanced connectivity to the investment opportunities and services available to both our existing clients in the ALC and to members of the global financial services community who are attracted to the Australian market,” said David Raper, general manager of trading services at ASX.