Asia Pacific Stock Exchange (APX) and Nasdaq(Nasdaq:NDAQ), today announced that APX has gone live with its new trading platform powered by Nasdaq's X-stream Trading technology, as well as Genium FIX to power its APeX® trading platform.
The upgrade will strengthen the exchange's technological performance using the most widely-deployed trading technology on the market.
"Nasdaq's X-stream Trading technology has the state-of-the-art capability, robustness and scalability to provide the right trading platform for our growth market as we expand our presence throughout Asia from our Australian base," said David Lawrence APX Chief Operating Officer. "Its deployment is another sign of our commitment to building an industry-leading and groundbreaking, new pan-Asian trading platform."
The new trading technology will be an integral part of APX's efforts to increase its footprint in the Asian and Australian marketplaces, establishing the exchange as a competitive, alternative Australian listing and trading venue. Nasdaq's X-Stream Trading technology will allow APX to attract a variety of market participants to match international demand.
"Nasdaq is proud to be part of this important milestone for the Asia Pacific Stock Exchange," said Robert Fröjd, Managing Director and Regional Manager, South Asia, Southeast Asia and Pacific, Nasdaq. "With their go-live, they are well on their way to creating a powerful bridge for capital between China and Australia on a global scale."
Nasdaq's exchange technology, including trading, clearing, CSD and market surveillance systems, is in operation in over 100 marketplaces across the US, Europe, Asia, Australia, Africa and the Middle East.