Telstra is set co-locate at Australia’s only purpose-built financial markets data centre, the ASX Australian Liquidity Centre.
As a customer of the ASX, Telstra will provide global financial services organisations with fast and reliable connectivity to other major financial centres. Telstra’s global head of financial services market segment, Matthew Lempriere, said that the new Point of Presence at the ALC would help address customer demands for enhanced market data and low latency solutions when accessing the Australian marketplace. “Financial institutions are increasingly facing diverse challenges relating to speed, resilience and integrity of data," he said.
"At the same time they are looking for higher bandwidth and reliable low latency connectivity, to drive agility and flexibility in existing and emerging markets."
ASX general manager, trading services, David Raper, said the ASX’s rich and diverse community continued to expand, with the ALC now home to over 100 financial markets customers. “The ALC has become the heart of Australia’s financial market and we are delighted that Telstra has extended its global platform directly into centre of the Australian financial community," he said.
"This arrangement demonstrates that there is a growing demand for international low latency connectivity to the ASX.
"This is good news for Australia and its financial market participants.” Telstra’s new low latency connectivity is backed up by comprehensive service level agreements, while low round trip delay makes it a safer option for businesses operating globally or in diverse geographies, according to a company statement. The service is highly scalable and can easily handle rapidly changing bandwidth demands, which are characteristic of low latency financial trading and cloud-based services. Lempriere said Telstra's service also offered customers single point accountability and responsibility, as well as access to diagnostics capabilities, and built on the momentum of previous PoP placements in both the Singapore Exchange and Hong Kong Stock Exchange in 2013. “This new PoP at the ALC combined with Telstra's award-winning network, means we are well positioned to provide a consistent service experience and a one-stop-shop for our customers' low latency global connectivity needs," he said. “It will also enable our customers to mitigate risks and scale quickly to meet changing business and bandwidth demands, whilst taking advantage of growth opportunities in the Asia Pacific region."