APX new trading system goes live
The NASDAQ x-stream trading system will provide APX with a platform to offer multiple asset classes in multiple currencies, indexes and high volume trading capacity. By providing access to the APX market via NASDAQ’s Genium FIX infrastructure, Australian and overseas participants will have standardized, reliable, stable and fast communication with the market.
“NASDAQ x-stream has the state-of-the-art capability, robustness and scalability to provide the right trading platform for our growth market as we expand our presence throughout Asia from our Australian base. Its deployment is another sign of our commitment to building an industry leading and ground breaking new pan Asian trading platform,” David Lawrence APX Chief Operating Officer said.
“The introduction of a new robust and scalable trading platform following our successful recommencement of operations last year, positions APX well to pursue strategic growth in 2015 with more listings and product.
“APX has several market initiatives under development. The new trading platform and the visibility of APX market data to all IRESS subscribers are the first deliveries for 2015. This will shortly be followed by the launch of a new APX mining, oil & gas sector,” David Lawrence added.
NASDAQ’s exchange technology, including trading, clearing, CSD and market surveillance systems, is in operation in over 100 marketplaces across USA, Europe, Asia, Australia, Africa and Middle East.
IRESS is a principal supplier of financial markets, wealth and mortgage management systems in Australia, Asia, New Zealand, Canada, South Africa and the United Kingdom.