Yieldbroker, Australian and New Zealand electronic marketplace, has signed on as a tenant at the ASX Australian Liquidity Centre (ALC) data centre in Sydney.
Yieldbroker’s marketplace is used by A/NZ investors and banks to trade debt securities and derivatives. According to Yieldbroker, its markets turn over $100 billion per month.
The company will be able to provide Yieldbroker customers, co-located at the ALC facility, with a direct connection to its marketplace. Australian customers that have not taken space in ALC can connect to its markets by using a low latency fibre network called ASX Net.
Overseas Yieldbroker customers have the option of using an international fibre network called ASX Net Global. Rolled out in February 2013, it is designed to improve latency when international customers trade on the local stock exchange.
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- New ASX data centre to open in February
According to Yieldbroker CEO Richard Swift, connecting to its marketplace will be “cheaper and faster” now that it has taken space in the ALC.
“The ALC is a growing liquidity pool for our customers. By bringing the community together in a central location, everyone benefits,” he said in a statement.