ASX To Offer Enhanced Global Network Connectivity
ASX will expand its global network connectivity through the launch of ASX Net Global, a cost-effective, low latency network for global customers to connect to the ASX and ASX 24 trading platforms and to the full range of services located in the ASX Australian Liquidity Centre (ALC).
ASX Net Global links the ALC with the financial communities located in Asia (SGX Singapore), Europe (Interxion London) and North America (Equinix Chicago). This enhanced service will provide a leading connectivity solution for international customers wanting to trade on ASX markets and access the growing Australian financial community located in the ALC. The service also supports ALC customers wanting to connect into the international financial communities at the offshore hub sites.
ASX Net Global is powered by BT Radianz Venue Interconnect, which is specifically designed to provide financial market users with ‘best-in-breed technology and low site-to-site latency’ between financial centres. In addition, the BT Radianz Cloud can provide easy connectivity into ASX Net Global for ASX customers.
ASX Net Global offers enhancements to the ASX 24 (futures market) international network by significantly reducing latency. Existing ASX 24 international network customers will be progressively migrated to ASX Net Global during the first half of 2013.
David Raper, ASX’s General Manager, Trading Services said: “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.
“By using BT Radianz Services, ASX Net Global will provide a simple, quick and cost-effective service for international customers to connect to ASX, and for customers in the ASX Australian Liquidity Centre to connect to peer communities in the world’s leading financial centres.”
The ALC is positioned at the centre of Australia’s financial markets, housing and connecting a broad community of users including financial market firms, trading engines, execution venues, market data vendors, network providers, and trading technology vendors in one place.