Interactive Data Corp. (IDC), a provider of managed services for electronic trading firms and vendors, reports that it has added access to the Australian Liquidity Center (ALC) in Sydney.
In addition, IDC’s consolidated feed, which provides low-latency data from more than 450 sources worldwide, has added connectivity to the Australian Securities Exchange’s (ASX) ITCH feed, a direct data-feed interface and a low-latency protocol for accessing ASX market information. IDC’s offerings cover more than 150 exchanges and include multi-asset class instrument coverage.
Australia’s ASX is “among the world’s top 10 exchange groups,” according to an ID statement, and ASX’s ALC “provides colocation services and data center space to customers” in a “purpose-built, state-of-the-art data center providing ALC customers with a range of communication, execution and information services.”
The addition of ALC and ASX’s ITCH feed are “designed to enhance connectivity across Chicago, Sydney and Tokyo and better support global interest rate arbitrage strategies with a localized, low-latency network,” according to Interactive Data officials.
“ASX welcomes Interactive Data to the rich and diverse community of financial market firms at the ALC,” David Raper, ASX’s executive general manager, trading services, says in a prepared statement. “The agreement between ASX and Interactive Data underpins the commitment of both organizations to our mutual clients.”
Access to reliable news and other value-add content is “critical to successful global trading today,” Levent Mehmet, vice president and general manager, trading solutions, Interactive Data, says in the statement. “To perform effectively, organizations must successfully acquire normalized and aggregated content from an ever-increasing number of sources, trading venues and asset classes.”
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