New feed provides existing clients with trial connectivity to ASX derivatives market
Interactive Data Corporation, a leading global provider of managed ultra-low latency infrastructure and market data services designed to facilitate electronic trading, have announced the availability of a new trial data feed for the Australian Securities Exchange (ASX) through its 7ticks® network.
With the continued demand for new content sets to develop new trading opportunities financial firms are increasingly seeking access to additional markets and asset classes. To help its clients accomplish this, Interactive Data has expanded its 7ticks network connectivity offering with a trial real-time market data feed for the ASX derivatives market, ASX 24.
7ticks is already connected to the ASX facility within an Equinix International Business Exchange™ (IBX®) data center in Chicago. Through a new cross-connect, the ASX 24 market data feed is available for trial by existing 7ticks clients located anywhere on the network. Clients who sign up for the trial will initially gain access to the ASX feed for up to three months with the option to extend after that period.
“ASX is very pleased with this strategic alliance aimed at satisfying the demand from the Chicago Trading community to have real-time ASX derivatives market data on a trial basis. ASX 24 offers near 24-hour trading in the SPI 200 Equity Index, with 30-day Notes and 90-day Bank Bills, Australian Treasury Bonds of 3- and 10-year maturities, as well as the recent commodities addition to the platform, Australian Grain Futures,” said David Ritchie, VP, Regional Manager North America for ASX Limited. “With derivatives volume averaging around 350,000 contracts daily and a traded nominal value in excess of A$150 billion, ASX continues to be the dominant liquidity destination in the Asia Pacific Region.”
Interactive Data’s 7ticks network provides advanced co-location and proximity hosting for global direct exchange data and consolidated data, as well as reference and corporate actions data. Direct connectivity is available to a wide range of global futures and options, equities and FX exchanges, and trading venues for multi-asset class and ultra-low latency trading.
“The ASX 24 market data feed is the latest in a series of new sources that we have brought onto the 7ticks network to provide clients with a wide choice of venues,” said Emmanuel Doe, president, Trading Solutions Group at Interactive Data. “As the worldwide financial marketplace grows, we continue to expand our offerings, providing ultra-low latency global access and support while reducing total cost of ownership, all through a single service provider.”
Clients utilizing the 7ticks network also have access to Interactive Data’s low-latency, consolidated global data feed. This delivers low-latency data from more than 450 sources worldwide, covering more than 140 exchanges and including multi-asset class instrument coverage and extensive Level 2 data. The feed is used globally by financial institutions to power algorithmic and electronic trading applications, and is now supported by ticker plants located throughout North America, Europe and Asia.