ASX reports data centre growth

ALC data centre now has 95 customers

The ASX has reported technical services revenue of $57.3 million for the financial year ended 30 June 2015.

This was up 8.3 per cent from 2014.

The rise in revenue was due to an increased number of customers in the Australian Liquidity Centre (ALC) data centre based in Gore Hill, Sydney.

The number of customers increased from 89 to 95 while the number of cabinets hosted in the ALC increased from 142 to 188.

There was also a 9.2 per cent increase in multilateral cross connections between customers within the ALC.

In addition, there are plans to expand ASX Net global sites in Chicago and Hong Kong in early 2016.

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.

By using the service, ASX ALC customers can receive market data from the Chicago and Hong Kong markets in real time.

ASX had total revenues of $700.7 million, up from $658.3 million last year.

Earnings before interest, tax, depreciation and amortisation (EBITDA) was $540 million, up from $504 million.

In February, ASX announced that it would upgrade all of its main trading and post-trade technology platforms. Phase one of the program involves replacing the ASX’s equities and derivatives trading systems.

The program will improve the ability of the exchange to innovate and bring products to market quickly, make it easier for clients to connect to ASX and reduce their internal operating costs. This technology transformation is underway with support from ASX’s clients and industry partners.

Other benefits will include use of global standard protocols to reduce customer development, connectivity and maintenance costs.

Modular design will improve flexibility and implementation time, enabling ASX to reduce development costs and deliver new products and services to market quicker.

Multi-currency capabilities will enable ASX to trade and deposit instruments in the main currencies relevant to Australia’s financial markets.

ASX expects that it will be able to support trading of equities and derivatives in the New Zealand dollar, US dollar and renminbi.

There was a restructuring charge of $7.7 million pre-tax to support the technology transformation program.

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