The Australian Securities Exchange (ASX) announced the launch of a new colocation infrastructure service, ASX Colo OnDemand, in partnership with technology provider Beeks Financial Cloud Group.
ASX Partners With Beeks Group On New Colocation Infrastructure Service
The service is said to offer customers scalable, secure access to infrastructure directly connected to the Australian Liquidity Centre (ALC), ASX’s data centre located at the heart of the country’s financial markets.
Built on Beeks’ Exchange Cloud platform, ASX said Colo OnDemand provides private cloud computing and high-performance trading infrastructure on demand.
Jamie Crank, ASX’s group executive for technology and data, said the service aims to reduce complexity and cost for market participants.
“This new offering puts the needs of our customers first and has the potential to benefit an underserved market segment, such as buy-side firms, niche and smaller broker and investment firms, and emerging software providers,” Crank stated.
ASX added that by eliminating the need for firms to own and manage their own infrastructure, ASX Colo OnDemand lowers barriers to entry and expands access to ASX’s connectivity services.
Gordon McArthur, CEO of Beeks, said: “We are delighted to welcome ASX as an Exchange Cloud client and underpin their new innovative Colocation on Demand service.
“This collaboration demonstrates ASX’s commitment to helping their customers access the most liquid markets in Australia and beyond.”
