The Australian Securities Exchange (ASX) has announced that its Sydney-based data centre will be open for equity trading from 6 February 2012.
Known as the Australian Liquidity Centre (ALC), it will allow the ASX to expand its co-location hosting services for both cash equities and futures markets participants.
Construction was complete in August 2011 at a cost of $32 million and the ALC will be fully operational by April 2012.
ASX trade execution and information services general manager, David Raper, said in a statement that co-location hosting enables high-speed market data and trade execution with near zero network latency, by placing trading equipment in the same physical location as its trading facility in Sydney.
In addition, the ASX has teamed up with software as a service (SaaS) provider, FFastFill, who will host its SaaS infrastructure within the ALC from 20 February, meaning a low latency connection for traders to the Australian futures market.
Follow Hamish Barwick on Twitter: @HamishBarwick
Follow Computerworld Australia on Twitter: @ComputerworldAU
Join the CIO Australia group on LinkedIn. The group is open to CIOs, IT Directors, COOs, CTOs and senior IT managers.