Australian operator Telstra has entered into an agreement with the Australian Securities Exchange (ASX) to become the exclusive connectivity partner for the ASX’s international trading services.
The three year deal will provide ASX 24 Trading Platform customers access to Telstra’s Ethernet private line express (EPLX) solution, which purportedly offers some of the fastest network services on the market today for financial trading companies.
EPLX provides financial trading companies with a dedicated point-to-point service, which uses the shortest routes available to connect key financial centres to points-of-presence (PoPs) located in financial exchanges in these centres minimising end-to-end transmission delays.
The EPLX service utilizes Telstra’s extensive subsea cable network.
This service is backed by Telstra’s low latency service level agreements that help customers mitigate unnecessary risks.
Brendon Riley, Group Executive Telstra Enterprise, said the agreement extends the connectivity Telstra currently provides the ASX and will directly connect the ASX 24 Trading Platform with the Stock Exchanges in some of the world’s leading financial centres.
“We currently connect the ASX to our PoPs in the Chicago and Hong Kong financial exchanges. We will now connect to additional points in these cities, as well as to London and Singapore,” he said.
First published in FinTech Innovation