Sydney, July 29, 2016 – The Australian Securities Exchange (ASX) and Trading Technologies International, Inc. (TT), today announced that TT has launched its new high-performance, next-generation TT® trading platform in the Australian Liquidity Centre (ALC), Australia’s only data centre dedicated to the financial markets community.
The availability of the TT platform in the ALC demonstrates the commitment of ASX and TT to providing industry-leading tools to the Australian derivatives market.
Customers of TT will have access to the new platform through ASX’s point-to-point fibre network – ASX Net. ASX Net allows customers to consolidate their access to ASX and third party services such as the TT platform across the same high availability infrastructure.
David Raper, Executive General Manager Trading Services at ASX said: “We welcome Trading Technologies into the ALC. The ALC has become the heart of Australia’s financial markets community and is home to Australia’s most established and liquid derivatives products. The launch of TT’s new platform within the ALC will provide the community with an innovative means to access these derivatives products. ASX has a long and trusted relationship with TT. We are proud to have been selected as a critical partner for their ambitions in Australia and New Zealand.”
Rick Lane, CEO of Trading Technologies said: “We are very happy to partner with ASX on this venture. The combination of TT, which is the fastest commercially available futures trading platform, with execution through the ALC co-location facility, will deliver best execution to our mutual customers.”
About Trading Technologies
Trading Technologies (https://www.tradingtechnologies.com, @Trading_Tech) develops and delivers professional trading software for a wide variety of users including proprietary traders, brokers, money managers, CTAs, hedge funds, and commercial hedgers and risk managers. TT provides access to 45 major international exchanges and liquidity platforms. Its new next-generation trading platform, TT, uses the software-as-a-service (SaaS) delivery model to give users a fast, reliable, mobile solution that represents what’s next in the world of trading and technology.
The Australian Liquidity Centre
In 2015, ASX’s ALC was awarded the prestigious title of ‘Best Data Centre Provider to the Sell Side’ at the Waters Technology awards in New York. The ALC is the first southern hemisphere-based data centre to be recognised for such an award.
The ALC is a purpose-built, state-of-the-art data centre providing ALC customers with a range of communication, execution and information services including the most secure and fastest possible access to all ASX liquidity – ASX Trade Match, ASX Centre Point and ASX 24.
The ALC is positioned at the heart of Australia’s financial markets, housing and connecting a broad community of users in one financial marketplace. It facilitates cost savings by aggregating a full range of services to achieve economies of scale. There are currently more than 100 customers at the ALC including international investment banks, Australian brokers, market makers, proprietary firms as well as data vendors, software and system vendors, and all major telecom carriers.
The ALC provides co-location services and data centre space to customers, allowing them to place their infrastructure (such as trading equipment and related technology) in cabinets within the same physical data centre as the ASX and ASX 24 primary matching engines. This provides clients with efficient access to market data and trade execution on ASX equities and futures markets.
ASX Net Network
Financial firms around Australia rely on ASX Net to provide a securely managed, ultra-low-latency network for the delivery of market information and exchange trading services. Now the same state-of-the–art, high–performance, managed connectivity service supports the delivery of third party applications and services.
All technology, operations, and customer support for ASX Net are tailored to meet the rigorous requirements of financial market customers providing connectivity to all major investment banks, brokers, information providers and financial markets-related data centres such as the ALC. ASX Net’s primary hub is housed in the ALC where it meets ASX’s global network, ASX Net Global. The network’s high capacity bandwidth is scaled in preparation for the exponential growth of data requirements to help ensure zero disruption to customer businesses.
More information about the ALC can be found at www.asx.com.au/services/technical-services.htm.