Under the deal the with the stock exchange’s ASX Net Global business, customers now have access to Telstra’s Ethernet Private Line Express EPLX solution, which the telco claims offers some of the fastest network services on the market today for financial trading companies.
EPLX provides financial trading companies with a dedicated point-to-point service, which uses the shortest routes available to connect key financial centres to points-of-presence located in financial exchanges in these centres, minimising end-to-end transmission delays.
Brendon Riley, group executive, Telstra Enterprise, said the agreement extends the connectivity Telstra provides ASX and would directly connect ASX customers with exchange communities in some of the world’s leading financial centres.
“Financial services is an important industry for us and this partnership is testament to our commitment to delivering flexible, innovative solutions that help financial firms reach global markets with speed and reliability.
“In a world where a fraction of a millisecond matters, our EPLX service provides fast, point-to-point network connectivity between key data centres and trading hubs that will provide an edge in a competitive market.”
Riley said the EPLX service is backed by Telstra’s comprehensive low-latency service level agreements that help customers mitigate unnecessary risks.
“Being the largest owner and operator of subsea cables in Asia with multiple connectivity options into the US and UK, we can offer more diversity and redundancy to our customers and the ability to quickly identify and address any network issues.”
David Raper, ASX’s executive general manager trading services, said ASX’s partnership with Telstra would “enhance the existing services we provide via our ASX Net Global communications network and enable us to offer new services to customers of our international hubs”.
“We have the functionality and flexibility to cater for a variety of customer connectivity needs, including those seeking the lowest latency or simply wanting more bandwidth,” Raper added.