Interxion, a leading European provider of carrier and-cloud-neutral colocation data centre services, announced today that the Australian Securities Exchange (ASX) has chosen to host their ASX Net Global Point of Presence (PoP) at Interxion's City of London data centre.
ASX Net Global will provide London-and European based trading firms with cross connect access to all of ASX's derivatives and equity products, particularly to its flagship interest rate futures.
ASX is one of the world's top-10 listed exchange groups measured by market capitalisation, and its interest rate futures market is the largest in Asia and the fourth largest in the world.
Trading firms are increasingly shifting to derivatives markets across the globe in search of investment returns as volumes on equities remain low. Consequently, companies are seeking to extend their reach across these asset classes, particularly in geographies beyond Europe such as Australia, which offers an attractive yield curve and alternative trading opportunities. With ASX Net Global colocated in Interxion's London data centre, firms can set up direct connectivity within days, ensuring they have the fastest and most cost effective access to ASX from London.
By implementing an ASX Net Global at Interxion, ASX is able to tap into the data centre's thriving financial community, consisting of over 100 capital markets participants including investment firms, high-frequency trading firms, hedge funds, brokers and service providers.
"Interxion's City of London DC has long been the home of London's financial community and offers us a readymade marketplace for our services," commented David Raper, ASX's General Manager, Trading Services. "With European firms increasingly looking at Australian derivatives products for investment and risk management, it's very beneficial to be able to offer them direct connectivity to ASX's world-class offerings via our ASX Net Global PoP in Interxion. With ASX Net Global our customers can connect to us directly either within Interxion's community or via our European network into our PoP at Interxion."
Doug Loewe, UK Managing Director, Interxion added: "This announcement further reinforces our position as the London datata centre of choice for the global derivatives trading community. The products and services offered by ASX will be a great addition to our financial hub adding to already more than 10 Exchange access points. ASX will be able to take advantage of a thriving capital markets community and service providers all one cross connect away of each other.