ASX and Nyse Technologies, the commercial technology business of Nyse Euronext, today announced that they have connected their respective global networks.
The linking of ASX Net Global and NYSE Technologies' Secure Financial Transaction Infrastructure® (SFTI) will initially provide customers of NYSE Technologies cost-effective access to ASX markets and market data services.
ASX is the first Australian venue connected to NYSE Technologies' network. The connection agreement supports the exchange of traffic between the two networks; and under this arrangement, ASX and NYSE Technologies will explore additional benefits that can be offered to the communities of customers connected to ASX Net Global and SFTI.
Recently, ASX and NYSE Technologies completed the first step in the peering arrangement making available access to the ASX24 (formerly known as the Sydney Futures Exchange) derivatives market to NYSE Technologies' SFTI customers. ASX and NYSE Technologies will add more services in the coming months, including access to the ASX Trade (cash) market services.
David Raper, ASX General Manager Trading Services, said: "By peering our networks, ASX and NYSE Technologies will provide our respective customers with improved connectivity and greater access to venues and financial data centres.
"Clients at the ASX Australian Liquidity Centre will be able to benefit from enhanced offshore access. It will also make ASX more accessible to our international customers wanting to trade both ASX24 and ASX Trade markets."
"With our SFTI network already extending to exchanges in Hong Kong, Japan and Singapore, we are delighted to add further connectivity in the Asia Pacific region through ASX," said Daniel Burgin, Head of Asia Pacific, NYSE Technologies. "SFTI is a multi-asset class connectivity solution, providing cost-saving benefits and simplified connectivity for the global capital markets community. Through SFTI, customers located anywhere in the world, will be able to access ASX markets, which is the first Australian venue available on NYSE Technologies' community network."