GS At Highs of the Day, Back over $100, Up 13.6%
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MS upgraded in wake of Mitsubishi deal that includes TSY backstop
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GS, MS, JPM, C bosses will be at 3pm meeting - WSJ
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Tsy Secretary meeting with "top banking heads" at 3pm est
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LaGuarde - no CAC Index stocks near bankruptcy
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Paulson to Meet w/Banking Heads at 3:00PM EST-- WSJ
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Tropical Depression Forms in Caribbean -- Nat. Hurricane Centre
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BoE Lending GBP 100 Mln To Landsbanki To Support Returns to UK Creditors -- Darling
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EU Says Bank Support Should Be Time-limited
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No Set Figure for Italian Bailout - Just "What is Necessary" - Fin Min
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Lowering Euribor Key to Boosting Market Liqudity-- ECB's Draghi
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ECB Wants Euribor Below 5%-- ECB's Draghi
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Draghi expects immediate improvement in Euroibor - sub 5 level expected
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Italian Govt. To Guarantee CB Loans to Banks -- Fin Min
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Metals: Gold Plunges @ London Fix To $831.50 (Prev. PM $900.50)
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US Has Not Requested Increased US Debt Purchases from Japan-- Japan's Nakagawa
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VIX pullback amid equities thin markets rally- minor support near 59
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Gilts Dive on UK Banks Recap Plan
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GS reverses itself on Oil - could see $50 bbl
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No guarantee for Hypo Real Estate in EU 450bln package
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July 4th, 2008 - The Australian Securities Exchange (ASX) has announced a new co-location hosting service for its market participants and their customers that will facilitate direct market access (DMA) and algorithmic trading strategies, as well as minimise overall latency.

New Co-Location Hosting Service For ASX Participants

Co-location hosting will allow ASX participants to place their trading equipment and assigned ITS gateways in the same physical data centre as ASX’s ITS primary matching (or trading) engine. The co-location will enable high speed market data and trade execution with near zero network latency between participant systems and ASX’s trading engine.

Mr Will Wilson, ASX General Manager Domestic Customer Management and Sales, said: “ASX has developed the new co-location hosting service to meet the growing demand from customers whose businesses depend on speed of access to the market. ASX participants utilising the service can expect sub-millisecond access to the ASX ITS trading engine. This is vital for DMA and algorithmic trading strategies where speed of access is crucial. The launch of this new co-location hosting service will improve ASX’s attractiveness to global investors and offshore trading groups as the exchange with the tightest bid-offer spreads in the Asia-Pacific.”

It is anticipated that the co-location hosting service will commence in the fourth quarter 2008. ASX will be promoting the service and its 12 foundation subscribers, which include Merrill Lynch, UBS, JP Morgan, Instinet Pacific, Fortis, Optiver, Tibra Trading, Liquid Capital and Timberhill, to its international customer base in a global marketing campaign over the next few weeks.

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