The Australian Stock Exchange has signed 12 founder subscribers to a new co-location hosting service that promises to deliver sub-millisecond access to the Exchange's ITS trading engine.
Under the programme, ASX participants will be able to place their trading equipment and assigned ITS gateways in the same physical data centre as ASX's ITS primary matching engine.
Will Wilson, ASX general manager domestic customer management and sales, says: "ASX participants utilising the service can expect sub-millisecond access to the ASX ITS trading engine. This is vital for DMA and algorithmic trading strategies where speed of access is crucial."
He expects the facility to boost the ASX's attractiveness to global investors and offshore trading groups as it seeks to fight of competition from new trading platforms in the region.
Founder subscribers include Merrill Lynch, UBS, JP Morgan, Instinet Pacific, Fortis, Optiver, Tibra Trading, Liquid Capital and Timberhill.