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October 09, 2012

Interactive Data Announces Trial Feed Availability on ASX 24



Interactive Data Corporation, a provider of managed ultra-low latency infrastructure and market data services designed to facilitate electronic trading, recently added a new trial data feed for the Australian Securities Exchange (ASX) through its 7ticks network. As a result, the connectivity of 7ticks network has been expanded for the ASX derivatives market, ASX 24.

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Already connected to the ASX facility, 7ticks is providing the new data feed to its existing customers. 7ticks provides ultra-low latency trading infrastructure design, procurement, installation and network hosting services that are enhanced by ongoing management, support and monitoring solutions. Interactive Data 7ticks aligns with clients’ internal resources to provide support and services designed to enable traders from around the world to achieve faster execution times while reducing both complexity and total cost of ownership.

"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."

"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."




Edited by Rachel Ramsey
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