Radianz and the Australian Stock Exchange Ltd. (ASX) have announced that Radianz is providing Internet Protocol (IP)-based networking on a global scale to ASX.
The companies said ASX is using Radianz’s global financial extranet, RadianzNet, in order to connect financial institutions worldwide to its electronic clearing, pricing and news services. ASX also is using RadianzNet to access services it uses, including the Belzberg Trading Network, which Radianz announced as a customer in Nov. 2002.
“Our use of RadianzNet puts us in the company of many prominent exchanges worldwide that rely on Radianz for secure connectivity to their customers and trading partners, said Jeff Olsson, executive general manager, Production Services of ASX. “Radianz’s business model also is enabling us to gain easy access to a large community of institutions, including many of our potential customers that are already connected to RadianzNet.”
Dushyant Shahrawat, senior analyst at TowerGroup said, “While connectivity is the backbone of the capital markets industry, it is the lifeblood for global exchanges that rely on network providers for effective and scalable connections to financial institutions, electronic networks and other vendors. Choosing the right network provider is a crucial decision for global exchanges as they compete for market share in global trading.”