ASX reveals $50m trading platform overhaul
February 13, 2015
US-based business intelligence and infrastructure firm Tibco has been tasked with providing new middleware for the market monitoring system. The ASX is also using copy data management provider Actifio to eliminate hundreds of terabytes worth of copy data in order to get down to a single copy of each applications’ data.
The ASX is yet to select a technology partner for its new risk management system – which includes the central margining engine supporting the ASX’s two clearing houses – but expects to do so in the coming weeks.
This first phase is expected to cost $35 million over the two years.
Once the first phase is complete, the ASX will turn its attention to post-trade services, such as cash market clearing and central securities depository services. Design scoping and vendor selection for phase two will start next year.