MarketPrizm, a provider of low-latency trading services, has expanded its Asian footprint after installing fully-managed network and data services at the Australian Securities Exchange’s (ASX) Australian Liquidity Centre (ALC).
The vendor can now offer co-location, managed hosting and ultra-low latency connectivity to ASX and alternative trading system Chi-X Australia, in addition to major markets globally.
Market data feeds are available in raw and normalised formats and disseminated directly to users or externally via MarketPrizm API or Raw format.
“The technology we have introduced in Australia is playing a key role in opening the market to new sources of liquidity,” said Tanuja Randery, CEO, MarketPrizm. “For example, we are seeing strong interest from derivatives traders in places such as Chicago or Singapore looking for investment opportunities. Increasing fragmentation is making the Australian market increasingly attractive.”
“The ASX Australian Liquidity Centre is a vibrant community of financial markets participants and we are pleased that MarketPrizm and its clients are benefitting from the low-latency access, connectivity and the economies of scale offered by the centre,” added David Raper, general manager, trading services, ASX.
Last week, ASX unveiled ASX Global Net, a service that 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 ALC.