Telstra (ASX: TLS) has signed up as a customer of the Australian Securities Exchange (ASX) data centre in Sydney.
According to Telstra's global head of financial services market, Matthew Lempriere, the Point of Presence (PoP) will help its customers connect with the ASX and international financial markets.
“Financial institutions are facing diverse challenges relating to speed, resilience and integrity of data,” he said in a statement.
“At the same time they are looking for higher bandwidth and reliable low latency connectivity.”
Telstra also operates PoPs in the Singapore and Hong Kong stock exchanges.
ASX trading services general manager David Raper said the Australian Liquidity Centre (ALC) data centre now has more than 100 financial customers.
“This arrangement [with Telstra] demonstrates that there is a growing demand for international low latency connectivity to the ASX. This is good news for Australia and its financial market participants.”
In May 2014, the ASX announced that its ALC customers could connect to the SGX data centre in Singapore via the ASX’s low latency network, Net Global.
Net Global is designed to improve latency when international customers trade on the Australian stock exchange and when customers in the ALC connect to overseas stock exchanges.
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By using the service, ASX ALC customers can receive market data from the SGX in real time and connect to SGX brokers in the Singapore facility.