The Australian Securities Exchange (ASX) has launched a new trading platform at the Australian Liquidity Exchange (ALC) with the help of Trading Technologies International (TT).

Integration between ASX and TT means that customers have access to the TT trading platform from ASX’s point-to-point fibre network ASX.net. The website helps clients gain access to third party platforms such as they one offered by TT that is now being implemented at the Liquidity Exchange.

The ALC has become the heart of Australia’s financial markets community and is home to Australia’s most established and liquid derivatives products,” says David Raper, Executive General Manager of Trading Services at ASX. “The launch of TT’s new platform within the ALC will provide the community with an innovative means to access these derivatives products. ASX has a long and trusted relationship with TT. We are proud to have been selected as a critical partner for their ambitions in Australia and New Zealand.”

The combination of the TT platform, which is “the fastest commercially available futures trading platform”, says Rick lane, CEO of TT, with the ALC’s co-location facility will deliver “best execution to our mutual customers.”

By Alex Hamilton

by Alex Hamilton
Alex is Senior Reporter at IBS Intelligence, follow him on Twitter or contact him at: alexanderh@ibsintelligence.com
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