New ASX liquidity centre, trading system to go live in November

ASX Ltd. will open its new 7000 square meter liquidity centre in Sydney’s Gore Hill on November 21, and a week later launch a product for high-frequency trading.

About half of the liquidity centre is a data centre, says Jeff Olsen, group executive of technology at the ASX.

“Pure Match” for high-frequency trading, program-driven trading that buys and sells stocks often within a second, will “go live” November 28, says Richard Murphy, general manager for equities markets at the ASX.

Initially just a few stocks from the ASX 200 Index will be available for “pure match” trading, subject to regulatory approval. By December 12 all of the ASX 200 will be available for high frequency trading and exchange traded funds, says Murphy.

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Robeco CIO says AI winners and losers will be decided within a year

Asset managers that underestimate the importance of artificial intelligence to their businesses do so at their own peril, according to Anton Eser, global chief investment officer of Robeco, who thinks that many have less than a year to get across the “most important transformation” the industry has seen since the beginning of the index business more than 25 years ago.

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