Object Trading, a provider of a multi-asset trading infrastructure, has expanded its Direct Market Access Service Platform by collocating its network to the Australian Securities Exchange’s (ASX) data center, according to an ASX statement.
Object Trading has opted to select the ASX for its connectivity and colocation needs in a bid to fortify its managed software and client gateways capabilities, therefore tapping into the ASX’s Australian Liquidity Centre (ALC). The ALC is unique to the Australian financial market in that it’s the only entity to provide a full range of access to the ASX’s comprehensive suite of execution and information services.
Object Trading’s decision to collocate to the ALC will also allow the group to augment the availability of its services to the ALC’s broader community, which is already on the uptick in Australia. The connectivity or similar arrangements represent a symbiotic relationship between the ASX and the Australian and New Zealand investment community, given the extant nature of ASX Net Global, the ASX’s growing financial markets network.
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According to Gerry Turner, Executive Director, Object Trading, in a recent statement on the collocation: “We have been proud vendors of connectivity to ASX since 2001, and are further pleased to expand our award-winning, managed service platform into the ALC. Now we bring both buy-side and sell-side firms from around the world to the doorstep of Australia’s primary markets.”
“Clients already on the platform can access Australia’s markets on-demand, without the need for up-front investments in co-location space and trading infrastructure. Services on the new co-location platform will be available to Object Trading customers at the end of October 2015,” he added.
Earlier this month, the ASX unveiled a new office in Hong Kong, strengthening the group’s presence in the region in an attempt to capture additional growth and a deeper customer base. ASX’s new office opened on October 1 in the heart of Hong Kong’s financial district – ASX’s Asian Business Development Manager, James Keeley, heads the office.