Frank Piasecki, president, ACTIV Financial
"The inclusion of the ALC in ACTIV's global backbone will serve a growing population of traders in the region looking for a faster and more cost effective solution for ASX data."
New York - ACTIV Financial, a provider
of real-time, multi-asset financial market data and solutions,
has announced it has opened a colocation source for enhanced
access to data from the Australian Securities Exchange (ASX).
"The inclusion of the ALC in ACTIV's global backbone will serve a growing population of traders in the region looking for a faster and more cost effective solution for ASX data," said Frank Piasecki, ACTIV Financial's president. "The new offering also ensures our customers outside the region have access to the highest quality of data."
The ALC will become a major hub of the ActivNet global backbone, connecting over 20 colocation facilities through redundant and low latency network connectivity for market data and order routing.
David Raper, General Manager of ASX Trading Services added: "The ALC has become the heart of Australia's financial market and we are delighted that ACTIV Financial has extended their global platform directly into our centre. This arrangement demonstrates that there is a growing demand for lowest latency ASX data globally. The addition of ACTIV to the ALC financial community is a significant one, which provides both local and international market participants with a very high quality market data service."