The Australian Stock Exchange (ASX) has announced the launch of the new infrastructure service, ASX COLONDEMAND, in partnership with the Beeks Financial Group technology provider.
The service is said to provide customers safely to the infrastructure connected directly to the Australian Liquidity Center (ASX), which is the ASX data center located in the heart of the financial markets in the country.
Building on the Beeks’ Exchang Cloud Platform platform, ASX said that Colondand provides special cloud computing and high -performance trading infrastructure.
Jimmy Krank, CEO of ASX Technology and Data Group, said the service aims to reduce the complexity and cost of the market participants.
“This new offer sets the needs of our customers first and has the ability to benefit from the disadvantaged market sector, such as purchase side companies, mediator companies, smaller investment companies, and startups,” Krankh.
ASX added that by canceling the need for companies’ possession and infrastructure management, ASX Colondand reduces barriers to entry and expanding access to ASX communication services.
“We are pleased to welcome ASX as a cloud cloud on the stock exchange and support the new innovator service upon request,” said Beeks.
“This cooperation shows ASX’s commitment to helping its customers reach the most liquid market in Australia and abroad.”