New Australian company chooses BT for connection

AXE ECN in Australia is a joint venture with five major investment banks and is a business that will inject competition into the trade reporting market in Australia.

It joins nearly 50 execution venues that are already connected to the Radianz Shared Market Infrastructure.

Firms that trade on AXE will have the option to host their trading engines at a BT hosting facility, said Greg Yanco, CEO of AXE ECN.

“The established Radianz Shared Market Infrastructure provides access to the global financial community, as well as low latency connectivity,” he said.

AXE also recently announced plans to launch an electronic order book and matching engine to trade ASX listed securities, developing a full continuous auction model to complement the crossings platform.

Full trading is expected to commence in the September quarter of 2008, said Yanco.

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