The Australian Securities Exchange (ASX) is expanding its global network connectivity with a new low latency network connecting the ASX and ASX24 trading platforms.

ASX Net Global links the exchange’s data center – or Australian Liquidity Center (ALC) - with the financial communities located in Asia (SGX Singapore), Europe (Interxion in London) and North America (Equinix in Chicago).

The ASX has already teamed up with SGX, which leases two floors of the exchange’s liquidity center in Gore Hill, Sydney, as part of a two-way colocation agreement which allows both exchanges to easily leverage the strength of each other’s markets.

As part of the arrangement, ASX also has a hub colocated in SGS’s colocation data center in Singapore.

The ASX said the new enhanced service will provide a leading connectivity solution for international customers wanting to trade on ASX markets and access the growing Australian financial community located in the ALC.

The service also supports ALC customers wanting to connect into the international financial communities at the offshore hub sites.

ASX Net Global is powered by BT Radianz Venue Interconnect, which is specifically designed to provide financial market users with ‘best-in-breed technology and low site-to-site latency’ between financial centers.

In addition, the ASX said the BT Radianz Cloud can provide easy connectivity into ASX Net Global for ASX customers.

ASX Net Global has been designed to offer enhancements to the ASX 24 (futures market) international network by significantly reducing latency and eExisting ASX 24 international network customers will be progressively migrated to ASX Net Global during the first half of 2013.

ASX general manager for trading services David Raper said: “The launch of ASX Net Global allows ASX to offer

enhanced connectivity to the investment opportunities and services available to both our existing clients in the ALC and to members of the global financial services community who are attracted to the Australian market.”

“By using BT Radianz Services, ASX Net Global will provide a simple, quick and cost-effective service for

international customers to connect to ASX, and for customers in the ASX Australian Liquidity Centre to connect to peer communities in the world’s leading financial centers.”

The ASX said its liquidity center is positioned at the center of Australia’s financial markets, housing and connecting a broad community of users including financial market firms, trading engines, execution venues, market data vendors, network providers and trading technology vendors in one place.