ASX debuts new network for international investors
Australia's ASX is hoping to bring more international investors to Sydney
The Australian Securities Exchange has expanded its efforts to connect to international markets with the launch of the ASX Net Global network, which connects to Asia, Europe and North America.
ASX Net Global links the ASX’s Australian Liquidity Centre in Sydney with financial communities at SGX Singapore, Interxion London and Equinix Chicago. The intention is to provide better connectivity for international participants wanting to trade ASX and interact with the Australian financial firms located at the ALC.
ASX Net Global is powered by BT Radianz Venue Interconnect, which is designed to provide low-latency connectivity between financial centres. The BT Radianz Cloud can also provide connectivity into ASX Net Global for ASX customers.
Customers of the ASX’s futures market, ASX 24, will be migrated to ASX Net Global during the first half of 2013.
“The launch of ASX Net Global allows ASX to offer enhanced connectivity to the investment opportunities and services available to both our existing clients in the ALC and to members of the global financial services community who are attracted to the Australian market,” said David Raper, ASX general manager, trading services.
In November last year, Australian regulator ASIC set out sweeping reforms to the way capital markets operate in the country, including new rules designed to limit dark trading liquidity and high-frequency trading.
