The Australian Stock Exchange will introduce low-latency market data services in 2006, based on the FIX Protocol.
The exchange selected the CameronFIX Market Data Server platform to support these new market data services, coinciding with the migration of equities trading across to ASX’s new integrated trading system in October 2006.
Colin Scully, group executive of ASX Markets, said it was important to extend the high efficiency, low latency of trading on ASX across to its market data services.
“FIX is the leading global connectivity protocol for financial trading due to its extensive business benefits,” Scully said. “In CameronFIX we have selected the most reliable, high performance FIX partner to meet our FIX market data and trading requirements, alongside our new Integrated Trading System.”
The additional market data services is meant to complement ASX’s already announced FIX trading interface into both the current SEATS system and the integrated trading platform.
ASX will be the first exchange to offer a fully integrated FIX trading and market data platform for all ASX-traded instruments, covering equities, warrants, options, futures and interest rate securities.