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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