The Australian Securities Exchange (ASX) has said that it will launch ASX Net, a fully managed, low latency, high capacity network solution for connectivity to the Australian financial market, in September 2010.
ASX Net will support the transfer of multiple data feeds and allow clients to determine the products, services and liquidity they wish to access, including all ASX products and services, through a single connection point. This will reduce costs and complexity for clients, claims ASX.
One of the key features of ASX Net is its incorporation of the latest technology. To this end, Australian company PIPE Networks will provide low latency, high bandwidth dark fiber for ASX Net. This will replace ASX’s existing customer network, ASX NiPPA.
ASX Net will be initially implemented to support the new trading system ASX Trade, with access to additional ASX and third-party services made available progressively thereafter.
David Raper, general manager for trade execution and information services at ASX, said: “ASX Net will offer clients expanded network capacity through greater bandwidth, lower latency via fiber optic cabling, and multiple connectivity options with access to ASX and third-party services and venues
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“ASX Net supports the current and future growth of Australian financial market data without the requirement for disruptive bandwidth upgrades. In an environment with escalating capacity demands and a need for latency minimization to remain competitive, ASX Net provides an access solution for Australian financial market participants for today and into the future.”