Futures exchanges in Australia and the US have signed deals with connectivity providers in an effort to build up trading activity on their respective platforms.
The Australian Securities Exchange (ASX), which operates the Sydney Futures Exchange (SFE), has deployed a hosting solution in data centre provider Equinix’s Chicago International Business Exchange (IBX) facility.
The solution will enable US-based clients of ASX to access the SFE directly. According to the ASX, the link will offer the fastest and most cost effective connection to the SFE’s SYCOM trading system from the US.
“The new ASX Hosting Solution offers a service that better meets our clients’ needs for highly reliable connectivity,” commented David Raper, general manager, trade execution and information services, ASX. “It allows a technical connection to the SFE market through a cross connect from the client’s rack in the Equinix facility to the ASX Hosting Solution.”
In addition, Fixentix, a provider of market data and connectivity services, has added capabilities for its clients to trade US futures on CME Group trading platforms.
According to Fixnetix, CME Group will benefit from increased volume from traders looking to diversify into US futures.
“Offering the ability to trade CME Group products within co-location expands our offerings and continues in our quest to meet high frequency trading customer demands,” said Hugh Hughes, chief executive, Fixnetix.