The Australian Securities Exchange (ASX), the leading securities exchange in Australia, and Fidessa Group PLC, a provider of high-performance trading, investment management and information solutions for the world's financial community, announce that Fidessa will be co-locating its Software as a Service (SaaS) solutions and global connectivity network for the financial marketplace at ASX's new data and co-location centre - the ASX Australian Liquidity Centre (ALC).
Fidessa will also be locating its back-up systems at ASX's alternate data centre.
The ALC is a purpose-built, state-of the-art data centre designed to meet the demands of ASX participants and service providers for the lowest latency access to ASX execution and information services. The ALC will allow ASX to significantly extend the availability of hosting services to ASX participants, vendors and the broader financial market community.
By having its SaaS and connectivity services located within the ALC, Fidessa will be able to provide the local marketplace with access to its award-winning hosted trading platform solutions, as well providing the local and international Fidessa community with low-latency access to Australian markets.
David Raper, ASX General Manager Trade Execution and Information Services, said: "ASX is pleased to welcome Fidessa into the expanding financial market community in the ALC, and commends its decision to locate its back-up infrastructure at ASX's proximity data centre. The high-quality SaaS technology and global network connectivity provided by Fidessa creates business opportunities and synergies for all members of the ALC community."
James Hardcastle, Head of Sales for Fidessa in Australia, said: "Australia is an exciting new market for Fidessa and since opening our office here in October last year we have been inundated with interest from the local financial community. Hosting our solutions in the ALC is an exciting next step in building our presence in Australia, and demonstrates our commitment to the marketplace as well as enabling us to provide the very best levels of service and performance, for which we are renowned around the world, to our growing client base here."