ACTIV Financial signs up to ASX data centre

Company says the move will improve real-time financial data speeds

US-based financial market data provider ACTIV Financial has signed a deal with the Australian Securities Exchange (ASX) to move into its Sydney data centre, the Australian Liquidity Centre (ALC).

According to ACTIV Financial president Frank Piasecki, the move would give it access to the Australian market and improve its ability to collect regional financial data.

“There is a growing population of traders in the [Asia Pacific] region looking for higher performance data, so this expansion will serve that market well,” he said in a statement.

“By co-locating at the ALC, we are investing in the global backbone of our network to ensure customers have access to the highest quality data.”

The company recently expanded into a number of Asian markets including Indonesia, Thailand and the Philippines.

In August 2013, financial services provider CMC Markets Stockbroking was confirmed as an ASX data centre customer. At the time, the company’s Australia and New Zealand head of IT, Michael Connaghan, said there was “growth opportunity” for the business by being part of the financial community at the facility.

“As we expand our online trading platform to offer more products, such as mobile apps for frequent traders, our partnership with the ASX will ensure that all our clients benefit through improved performance and reliability,” Connaghan said.

The $32 million ALC data centre opened for equity trading in Gore Hill during February 2012. It has allowed the ASX to expand its co-location hosting services for the financial industry.

There are more than 80 customers using the facility including global investment banks, domestic Australian brokers, proprietary firms, hedge funds, data vendors and telecommunication providers.

Follow Computerworld Australia on Twitter: @ComputerworldAU, or take part in the Computerworld conversation on LinkedIn: Computerworld Australia

Tags ACTIV FinancialAustralian Liquidity CentreASXdata centres

More about ALC Group

Comments

Comments are now closed

Government introduces data retention bill to Parliament

READ THIS ARTICLE
DO NOT SHOW THIS BOX AGAIN [ x ]
CIO
ARN
Techworld
CMO