The service will replace ASX’s existing
customer network, ASX Nippa.
Australian technology firm Pipe Networks will provide the
network’s high bandwidth dark fibre.
The service will support the transfer of multiple data feeds
and allow clients to determine the products, services and
liquidity they wish to access, across all ASX markets.
David Raper, ASX’s general manager for trade
execution and information services, said in a statement: "ASX
Net will offer clients expanded network capacity through
greater bandwidth, lower latency via fibre optic cabling and
multiple connectivity options with access to ASX and third
party services and venues.
"ASX Net supports the current and future growth of Australian
financial market data without the requirement for disruptive
bandwidth upgrades. In an environment with escalating capacity
demands and a need for latency minimisation to remain
competitive, ASX Net provides an access solution for Australian
financial market participants for today and into the
Pipe Networks Group’s chief operating officer,
Jason Sinclair, said: "In selecting dark fibre, ASX has joined
the global convergence toward high bandwidth, low latency
telecommunications solutions, particularly in the finance
industry. We will deliver a hard-spliced dark fibre network,
leaving ASX free to 'light’ the fibre with its own
network equipment and control the speeds it requires."
FOW’s feature 'Asia and Latin America:
the new frontier for algo trading’ in May
contained some inaccurate figures for ASX’s
matching speeds. ASX says the present matching speed is 3 to 5
milliseconds. This is intended to be cut to 250 microseconds
when ASX introduces its new ASX Trade platform next