The Australian Securities Exchange, the leading securities exchange in Australia and a subsidiary of the ASX Group, and CQG, provider of high-performance trading and information solutions for the world’s financial community, announced that CQG will co-locate its software, services and global connectivity network for the financial marketplace at ASX’s state-of-theart data centre, the ASX Australian Liquidity Centre, located 5km north of the Sydney CBD.
CQG customers will be connected through the co-location as of September 2012.
Australia is home to one of the largest CFD markets outside the Untied Kingdom, Australian investors trade on the Australian Stock Index and largest blue chip stocks. The ASX was the first exchange to offer on exchange CFD’s which were centrally cleared. The LSE was intending to launch DMA CFD’s however after the appointment of the new CEO (EX- Lehman Head) the project was scrapped.
The ASX 200 is currently trading at 4,199.10.
The ALC is a purpose-built, state-of-the-art data centre designed to meet the demands of ASX participants and service providers for the lowest latency access to ASX execution and information services. The ALC greatly extends the availability of hosting and data centre services to ASX participants, vendors and the broader financial market community.
By locating within the ALC, CQG will provide the local marketplace with access to their award-winning hosted trading platform solutions and provide the local and global CQG community with low-latency access to Australian markets.
David Raper, ASX General Manager Trade Execution and Information Services, said:
“ASX welcomes CQG into the expanding financial market community in the ALC. Having their software and connectivity in the ALC will extend the range of services available to the ALC community and provide CQG’s existing customers with low latency access to the market.”
Leighton Andrew, Head of Sales for CQG, Asia-Pacific said: “Co-locating in the ASX ALC data centre puts our trading infrastructure in the closest proximity to the exchange, ensuring the highest-quality experience for our customers. At the ASX ALC we are in an optimal position to deliver low-latency order execution and maximum performance from our server-side trading tools, including CQG Spreader and market aggregation.”
