ASX looks to expand Net Global service into two more financial centres

Exchange has increased overseas trading since implementation in February 2013

ASX general manager of trading services David Raper.

ASX general manager of trading services David Raper.

The Australian Securities Exchange (ASX) is considering an expansion of its Net Global service into two overseas financial centres by 2015.

Net Global is designed to improve latency when international customers trade on the Australian stock exchange.

Offered by BT Radianz Venue Interconnect Services, Net Global currently links the Australian Liquidity Centre (ALC) data centre in Sydney with overseas data centres including SGX Singapore, Interxion London and Equinix Chicago.

The solution has been in place since February 2013. By using the service, the ASX can provide a cost-effective service for overseas customers to connect to the Australian stock exchange, and for customers in the ALC data centre to connect to overseas stock exchanges.

ASX general manager of trading services David Raper told Computerworld Australia that it is likely to extend into new financial hubs by 2015.

“We create a community of people within Australia on our network and in the data centre. We want to be able to peer that with other [financial] communities,” he said.

“The big growth has been out of Singapore, London and Chicago where we have been able to attract new traders to the Australian market.”

For disaster recovery purposes, the ASX runs two data centres in Sydney, the ALC in Gore Hill and a second facility in Bondi Junction. These are managed and monitored 24 hours a day, seven days a week.

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