LSEG has entered an agreement with the Australian Securities Exchange (ASX) in a bid to upgrade the exchange’s derivatives trading platform, ASX 24.
Specifically, the partnership will include the integration of LSEG’s Markets Technology offering, with the aim of creating a high-performance, low-latency trading platform, which focuses on increased resilience and reduced operational risk.
In addition, the enhancement is set to allow ASX 24 to expand its product set and boost the sophistication of both Australian and global derivatives trading.
Bruce Kellaway, global head of LSEG Markets Technology, said: “ASX 24 plays a vital role not only in Australia but across global derivatives markets. LSEG Markets Technology underpins major exchanges around the world, and this partnership reinforces our shared commitment to maintaining strong, transparent, and globally competitive markets while demonstrating leadership in delivering world-class markets technology at scale.”
To ensure a smooth transition the this upgraded platform, ASX and LSEG Markets Technology are set to work together over the course of 2026, with a focus on platform design, testing, migration and participant readiness.
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Moreover, the agreement also marks an expansion of LSEG Market Technology’s global support network, spanning Tier-1 and emerging markets such as Brazil, Qatar, Argentina and Singapore.
“Upgrading ASX 24’s trading platform is a critical investment in the long-term resilience and performance of Australia’s derivatives markets platform,” said Farid Sammur, head of markets technology at ASX.
“This upgrade positions ASX 24 with the infrastructure to innovate faster, continue to respond to changing participant needs, and maintain a high standard of operational excellence in our market.”
This development follows a spate of recent partnership for LSEG over the past few months.
In February, the firm entered a collaboration with Bank of America to provide access to LSEG’s data, analytics and workflow capabilities, closely followed by a similar partnership with Standard Chartered in the same month.