Story image

ASX partners with Trading Technologies to boost its financial data center

01 Aug 16

Australian Securities Exchange (ASX) has teamed up with global trading software provider Trading Technologies International to power its Australian Liquidity Centre, the sole data center that provides services for the country's financial markets.

Trading Technologies customers are now able to use ASX Net, a point-to-point fibre network that consolidates ASX access and third party services across the infrastructure.

“We welcome Trading Technologies into the ALC. The ALC has become the heart of Australia’s financial markets community and is home to Australia’s most established and liquid derivatives products. The launch of TT’s new platform within the ALC will provide the community with an innovative means to access these derivatives products. ASX has a long and trusted relationship with TT. We are proud to have been selected as a critical partner for their ambitions in Australia and New Zealand," says David Raper, ASX executive general manager, trading services.

The Australian Liquidity Centre is a purpose-built data center that provides a range of services and access to some of Australia's most fundamental trading tools, including ASX Centre Point and ASX 24. With more than 100 customers, the data center provides colocation and space.

The ALC serves international investment banks and brokers, as well as data vendors and major telecom carriers.

In 2015, The Waters Technology Awards recognised the ALC as the first southern hemisphere center as the 'Best Data Centre Provider to the Sell Side'.

Trading Technologies has been a global provider to 45 major international exchanges and liquidity platforms, using its software-as-a-service (SaaS) model. The company provides software for traders, brokers, money managers, hedge fund managers and risk managers, amongst others.

“We are very happy to partner with ASX on this venture. The combination of TT, which is the fastest commercially available futures trading platform, with execution through the ALC co-location facility, will deliver best execution to our mutual customers," says Rick Lane, Trading Technologies CEO.

ASX Net provides connectivity to ALC through its global network, ASX Net Global. The connectivity provides scalable, high capacity bandwidth to cope with customer demands without disruption.

HPE extends cloud-based AI tool InfoSight to servers
HPE asserts it is a big deal as the system can drive down operating costs, plug disruptive performance gaps, and free up time to allow IT staff to innovate.
Digital Realty opens new AU data centre – and announces another one
On the day that Digital Realty cut the ribbon for its new Sydney data centre, it revealed that it will soon begin developing another one.
'Public cloud is not a panacea' - 91% of IT leaders want hybrid
Nutanix research suggests cloud interoperability and app mobility outrank cost and security for primary hybrid cloud benefits.
Altaro introduces WAN-optimised replication for VMs
"WAN-optimised replication allows businesses to continue working in the case of damage to on-premise servers."
DDN part of data mining mission on Mars
DataDirect Networks (DDN) today announced that it will be playing a role in one of NASA’s most critical missions.
Opinion: Data centre management can learn from the Navy
While a nuclear submarine may seem like a completely different beast from a data centre, the similarities in how they should be managed are striking and many.
14 milestones Workday has achieved in 2018
We look into the key achievements of business software vendor Workday this year
HPE building new supercomputer with €38m price tag
It will be installed at the High Performance Computing Center of the University of Stuttgart and will be the world's fastest for industrial production.