Activ Financial, a global provider of real-time, multi-asset financial market data and solutions, today announced it has opened a colocation source for enhanced access to data from the Australian Securities Exchange (ASX).
ACTIV will directly source, process, enrich and normalize ASX data within Australia's only dedicated financial markets colocation facility, the Australian Liquidity Centre (ALC), to provide clients with higher quality and better performing data from the region.
As the interest in Australian data out of Sydney increases, ACTIV's move from processing ASX data in Singapore to processing the data directly within the ASX exchange colocation facility significantly reduces latency in their consolidated and direct feeds, and improves data quality via a direct cross connect to the exchange presence. In addition, ACTIV clients are now positioned to upgrade to the latest generation of exchange products—including the ASX ITCH feed and ITCH 24 feed.
"The inclusion of the ALC in ACTIV's global backbone will serve a growing population of traders in the region looking for a faster and more cost effective solution for ASX data," said Frank Piasecki, ACTIV Financial's president. "The new offering also ensures our customers outside the region have access to the highest quality of data."
The ALC will become a major hub of the ActivNet global backbone, connecting over 20 global colocation facilities through redundant and low latency network connectivity for market data and order routing.
David Raper, General Manager of ASX Trading Services added: "The ALC has become the heart of Australia's financial market and we are delighted that ACTIV Financial has extended their global platform directly into our centre. This arrangement demonstrates that there is a growing demand for lowest latency ASX data globally. The addition of ACTIV to the ALC financial community is a significant one, which provides both local and international market participants with a very high quality market data service."
This news comes shortly after ACTIV's launch of their next generation market data platform as well as its expansion into more than 10 new Asian markets, includding Bursa Malaysia, Indonesia Stock Exchange, Philippine Stock Exchange, Stock Exchange of Thailand and Thailand Futures Exchange.