The Australian Securities Exchange (ASX) will launch its own fully managed, low latency, high capacity network solution for connectivity to the Australian financial market.
Called ASX Net, it aims to support the transfer of multiple data feeds and allow clients to determine the products, services and liquidity they wish to access, including all ASX products and services, through a single connection point.
A September launch is likely.
Pipe Networks will provide low latency, high bandwidth dark fibre for ASX Net, replacing existing customer network, ASX NiPPA.
“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 general manager of trade execution and information services, David Raper, said in a statement.
“ASX Net supports the current and future growth of Australian financial market data without the requirement for disruptive bandwidth upgrades.”
Delivery of the fibre for ASX Net will be handled by Pipe’s ISO 9001 certified Fibre Operations and Provisioning Team.
ASX Net will be initially implemented to support the new trading system ASX Trade, with access to additional ASX and third-party services made available progressively.