Published On: Fri, Dec 3rd, 2010

ASX Launches Next Generation Trading Platform Powered by NASDAQ OMX’s Genium INET

The Australian Securities Exchange (ASX) has launched its next generation trading system, ASX Trade, providing the fastest integrated
equities and derivatives trading platform in the world.

ASX Trade is powered by NASDAQ OMX’s Genium INET platform and combines rich functionality with high reliability, and has delivered significant latency and transaction capacity improvements. The new system is at the forefront of a suite of ASX equity and derivatives markets innovations, tailoring services to users with diverse trade execution needs.

Jeff Olsson, ASX Group Executive Technology, said: “ASX Trade offers market participants a trading experience as fast and efficient as anywhere in the world. It has generated significant performance enhancements: latency today is 100 times faster than it was only two years ago, having been improved from 30 milliseconds in 2008 to 300 microseconds today. The improved latency has been coupled with increased capacity, rising from 20,000 orders per second before the upgrade to 100,000 orders per second now.

“We have been pleased overall with the implementation of the project, following several months of intensive effort and cooperation between ASX, the trading system vendor – NASDAQ OMX – and Australian market participants. Upgrading a combined equities and derivatives platform – like ASX Trade – is the most complex of technology undertakings. But the effort is well worthwhile because of the performance benefits it brings to the Australian marketplace.”

Anna Ewing, Chief Information Officer of NASDAQ OMX, said: “With ASX Trade powered by the Genium INET trading platform, NASDAQ OMX continues to provide the best possible trading opportunities for our customers and investors on a global scale. Our development with ASX Trade strengthens NASDAQ OMX’s commitment to innovation through technology to ensure our position as a driving force in the exchange industry.”

ASX Trade went live on Monday, 29 November 2010 and follows the upgrade of the ASX Trade 24 futures platform on 11 October 2010, ensuring faster and more functional trading options for customers. The new trading systems, combined with ASX’s expanded co-location facilities, high bandwidth dark fibre for ASX Net, and new and enlarged data centre (planned for late 2011), strengthen the global competitiveness of the Australian capital market to the benefit of
traders, companies and investors alike.

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