Object Trading co-locates in ASX data centre

Source: Object Trading

The Australian Securities Exchange (ASX) and Object Trading, a provider of a global, multi-asset trading infrastructure, today announced that Object Trading will be expanding its Direct Market Access Service Platform by co-locating its managed software, client gateways and global connectivity network in the Australian Liquidity Centre (ALC), ASX’s state-of-the-art data centre.

The ALC is the only purpose-built facility designed to meet the needs of the Australian financial markets community, as well as provide access to all ASX execution and information services. By co-locating in the ALC, Object Trading will be able to extend the availability of its specialist services to the ALC’s expanding community.

ASX is one of the top 10 exchanges in the world with a diverse and growing global customer base. It is working with service providers, such as Object Trading, to help expand its reach and open up its global network to the offshore trading community.
ASX offers the local and global investment community convenient connections to both Australian and New Zealand markets through its reliable and dedicated financial markets network – ASX Net Global.

Gerry Turner, Executive Director, Object Trading, said: “We have been proud vendors of connectivity to ASX since 2001, and are further pleased to expand our award-winning, managed service platform into the ALC. Now we bring both buy-side and sell-side firms from around the world to the doorstep of Australia’s primary markets. The managed platform offers turnkey, low-latency, co-located market access, featuring a single gateway for normalised market data and order execution, with pre-trade risk constraints and real-time middle office integration built in. Available as a scalable platform for all forms of electronic trading, firms can trade over 60 markets world-wide with no technical investment in maintaining exchange connectivity. Clients already on the platform can access Australia’s markets on-demand, without the need for up-front investments in co-location space and trading infrastructure. Services on the new co-location platform will be available to Object Trading customers at the end of October 2015.”

David Raper, Executive General Manager, Trading Services at ASX, said: “ASX is pleased to welcome Object Trading into the financial market community in the ALC. The technology and global network connectivity Object Trading is providing creates business opportunities and synergies for all those within the ALC community.

“ASX is setting the pace for providing a choice of flexible and cost-effective connectivity options for co-location, as well as access from international distributed locations over ASX’s fully managed network, ASX Net Global. We are delivering the highest levels of performance and security, while enabling clients to simplify their network architectures and reduce cost and complexity.

“We are pleased that industry leaders like Object Trading are able to leverage ASX’s co-location services at the ALC to broaden their strategic footprint in this region and help investors trade into the Australian and New Zealand markets.” 

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