The Australian Stock Exchange (ASX) is on the verge of completing the installation of the LAN infrastructure at its new Sydney CBD office following the recent completion of a national WAN upgrade.
The Cisco-based LAN at the ASX's new Bridge Street offices is the result of competitive tender last year involving the industry's dominant data networking vendors.
Angus Richards, deputy managing director of the ASX's market operations, claims the network infrastructure transition is going "reasonably according to plan".
The office move is expected to be complete by August 1999, while the new LAN is expected to be completed next week after months of progressively rolling out the network.
Richards said the upgrade - conducted by integrators Communications Design and Management and ASX staff - has not encountered any significant glitches beyond what was "normal".
Once a blue-chip Bay Networks customer, the ASX is now using Cisco for both ATM-based networks, serving a total of 600 staff nationally.
However, Bay Networks has retained a presence in some core areas including its IP multicast-based trading network.
Richards told Computerworld last year the networks are designed to play a critical role in enhancing the ASX's competitiveness as it gears up for demutualisation.
He declined to reveal the total cost of the IT upgrades, however industry sources report the ASX is spending more than $26 million on various network upgrades over the next three years.