The FINANCIAL -- The Australian Securities Exchange (ASX) and Stellar Trading Systems, a provider of global, multi-asset trading infrastructure, on December 8 announced that Stellar Trading Systems will be colocating its managed software, client gateways and global connectivity network in the Australian Liquidity Centre (ALC), ASX’s state-of-the-art data centre.
ASX is one of the top 10 exchanges in the world with a diverse and growing global customer base. It is working with service providers, such as Stellar Trading Systems, to expand the distribution of its products and services, and open up its global network to the offshore trading community, according to ASX.
Steve Thomas, Managing Director, Stellar Trading Systems said, “Stellar view colocation at the ALC as a valuable enhancement to our ASX offering, benefiting the large proportion of clients where speed of execution is critical. ASX continues to be an important partner for Stellar as we further develop our capacity in the Asia Pacific region. Stellar have a reputation for cutting edge low latency solutions and we are delighted to deploy our spreadMachine, Quantum Server algorithmic engine, and Stellar API products within the ALC, bringing our market leading performance to all within the ASX trading community.”
David Raper, Executive General Manager, Trading Services at ASX, said: “Stellar Trading Systems have been connecting to ASX from offshore already and we are now pleased to welcome them into the ALC. Stellar bring a number of important customers into the ALC, which will improve business opportunities and synergies for the whole ALC community.
“ASX is setting the pace for providing a choice of flexible and cost-effective connectivity options for colocation, as well as access from international distributed locations over ASX’s fully managed network, ASX Net Global. We are delivering the highest levels of performance and security, while enabling clients to simplify their network architectures and reduce cost and complexity.
“We are pleased to be able to facilitate the strategic positioning of an industry leader such as Stellar Trading Systems in this region and bring new investors into the Australian and New Zealand markets.”