Australian Securities Exchange to Adopt Genium Inet

There is pressure from local regulators to open ASX to more algorithmic traders, hence it will be deploying the new platform by the end of the year, says Lars Ottersgard, the head of market technology at Nasdaq OMX. The platform in place today has to compete for the business with alternative trading systems (ATSes) such as Chi-X, which have high-performance systems, he adds.

The ASX expects to go live with all products-cash, derivatives, commodities and fixed income-in the fourth quarter this

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