Australian Exchange Group Chooses BT Cloud
The Financial and Energy Exchange Group (FEX) of Australia has chosen BT's Radianz Cloud to provide a new route for global market participants to access Asian energy and commodity markets offered on its exchange.
The agreement follows new government regulations introduced in Australia in 2010 designed to enhance Australia's position as a financial center in Asia, in part by increasing capacity and connectivity at its exchanges. "BT leads the way in providing financial services cloud connectivity. They help us extend our global reach and gain greater access to the community that we need to attract new clients and grow our business," says Thomas Price, CEO of FEX.
For BT, the FEX deal is the latest among numerous agreements establishing new users accessing Radianz Cloud globally: "BT’s depth and breadth in the exchange community mean that over 70 percent of equity trades are conducted on exchanges connected to the BT Radianz Cloud. This puts us in a unique position in terms of the expertise we provide to our exchange clients," says Tom Regent, president of global banking and financial markets at BT.
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