Tuesday March 3 2015
News Source: Global Exchanges
Focus: Trading Systems and Technology
Type: General
On 3rd March 2015, Velocimetrics announced that the Australian Securities Exchange (ASX), had implemented Velocimetrics. The solution delivers real-time visibility of latency issues that could cause trading delays, providing greater operational oversight and increasing the exchange’s ability to proactively respond to issues and minimise potential member impact.
ASX is able to achieve the level of transparency necessary to fully understand the hop-by-hop performance of every equity order submitted to ASX Trade without impacting performance.
This allows ASX to identify stages within the trade lifecycle orders may be taking longer to process than expected and continuously improve to achieve even faster trade matching.
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