Australia’s ASX and the NYSE announced that they have connected their global networks, providing easier access to one another’s markets.
The ASX and NYSE Technologies, the commercial technology business of NYSE Euronext, are linking up to facilitate cost-effective access to each other’s markets and market data services. The exchanges said that the connection agreement supports the exchange of traffic between the two networks; and, that they will seek ways to generate additional benefits from the arrangement.
They recently completed the first step in the peering arrangement making, which will give NYSE customers access to the ASX24 (formerly known as the Sydney Futures Exchange). Access to the ASX cash markets will be added in the coming months.
“By peering our networks, ASX and NYSE Technologies will provide our respective customers with improved connectivity and greater access to venues and financial data centres,” said David Raper, ASX general manager trading services. “Clients at the ASX Australian Liquidity Centre will be able to benefit from enhanced offshore access. It will also make ASX more accessible to our international customers wanting to trade both ASX24 and ASX Trade markets.”