The Australian Securities Exchange (ASX), the leading securities exchange in Australia, and FFastFill PLC, a leader in providing Software as a Service (SaaS) to the global financial marketplace, today announced that FFastFill will be adding its globally renowned SaaS infrastructure and services within ASX's new data and co-location centre - the ASX Australian Liquidity Centre (ALC).
This new service will become operational on 20 February 2012.
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 infrastructure within the ALC, FFastFill will be able to provide domestic and international trading participants with the lowest latency connection to the Australian Futures Market.
David Raper, ASX General Manager Trade Execution and Information Services, said: "ASX is pleased to welcome FFastFill into the expanding financial market community in the ALC. The high quality SaaS technology provided by FFastFill creates business opportunities and synergies for all members of the ALC community."
Ian Le Noury, FFastFill Director of Business Development and Customer Management Asia Pacific, said: "The ASX ALC in conjunction with FFastFill's enhanced SaaS technology will provide superior execution for our global trading community through the low latency setup. This setup will allow traders to reduce latency, no matter where they are located within the FFastFill global infrastructure, and enable traders to make the most of our new spreading technology, SpreadIntelligence, and FFastFill's enhanced order release mechanisms."