The Australian Securities Exchange (ASX) and Trading Technologies International, Inc. (TT), today announced that TT has launched its new high-performance, next-generation TT® trading platform in the Australian Liquidity Centre (ALC), Australia’s only data centre dedicated to the financial markets community.
The availability of the TT platform in the ALC demonstrates the commitment of ASX and TT to providing industry-leading tools to the Australian derivatives market.
Customers of TT will have access to the new platform through ASX’s point-to-point fibre network - ASX Net. ASX Net allows customers to consolidate their access to ASX and third party services such as the TT platform across the same high availability infrastructure.
David Raper, Executive General Manager Trading Services at ASX said: “We welcome Trading Technologies into the ALC. The ALC has become the heart of Australia’s financial markets community and is home to Australia’s most established and liquid derivatives products. The launch of TT’s new platform within the ALC will provide the community with an innovative means to access these derivatives products. ASX has a long and trusted relationship with TT. We are proud to have been selected as a critical partner for their ambitions in Australia and New Zealand.”
Rick Lane, CEO of Trading Technologies said: "We are very happy to partner with ASX on this venture. The combination of TT, which is the fastest commercially available futures trading platform, with execution through the ALC co-location facility, will deliver best execution to our mutual customers."