This article appeared in the May 2010 Listed @ ASX newsletter. 

ASX Trade - next generation trading engine

On 18 February 2010, ASX announced a commitment for the delivery of ASX’s next generation trading system - ASX Trade, powered by NASDAQ OMX's Genium INET platform.

ASX Trade, the new trading system will replace the current platform (ITS) in November 2010. The new system will cut order entry latency to 250 microseconds from the current two to three milliseconds and boost capacity five-fold to exceed five million trades and 500 million order book changes per day.

Latency is the roundtrip time taken for orders entered electronically to be processed by the exchange with the result notified back to the trader. It has become one of the key metrics by which market operators are measured by the increasingly sophisticated traders that provide a great deal of the liquidity in today’s equity market environment.

ASX Trade will allow for the introduction of a range of new market services including TradeMatch™, PureMatch™, VolumeMatch, Centre Point Order Crossings, Undisclosed and Iceberg orders, Sponsored Access and Co-location, and ASX Best™.

Anne Fulwood spoke with Richard Murphy, General Manager, Equity Markets to find out more about the new improvements. View the ASX Trade video.

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