Access to the equities and futures markets will be expanded globally by the use of BT’s Radianz Proximity solution in Asia-Pacific. The solution will allow remote and international brokers and high velocity algorithmic trading customers to host their algorithmic trading boxes in close proximity to the exchange and the site will be set-up in Sydney.
The closeness of the hosting centre to the exchange will deliver a speed of execution to new participants equal to that being achieved by the highest performing existing ASX and Sydney Future Exchange (SFE) participants.
Jeremy Johnston, ASX’s general manager of international sales, said: The use of the Radianz Shared Market Infrastructure brings ASX markets closer to its customers wherever they are in the world. It is an important initiative because of Australia’s geographical position. By utilizing BT’s Radianz Proximity Solution in Asia-Pacific we will open up significant opportunities for algorithmic trading groups and for major ASX participants for whom trade execution speed is vital.
