ASX opens first high-density pod at Australian Liquidity Centre

Maria Nikolova

The new pods provide customers the same equal access to all ASX markets as standard cabinets, and can directly connect to alternative trading venues and liquidity platforms via ASX Net.

The Australian Securities Exchange (ASX) today announces that it has opened the first of its newly constructed high-density pods at the Australian Liquidity Centre (ALC).

The high-density space is biometrically secured, with cold-aisle containment featuring in-row chillers, and is capable of delivering up to 24 kilowatts of power into an individual cabinet. The new pods provide customers the same equal access to all ASX markets as standard cabinets, and can directly connect to alternative trading venues and liquidity platforms via ASX Net.

ASX explains that the growing adoption by financial markets of data analytics, machine learning and computational grid computing is increasing the power requirements of Field Programmable Arrays (FPGAs) and similar technologies. Customers are also seeking more efficient cooling solutions for their increasingly power-hungry equipment, as super-fast overclocked servers and the thermodynamic boundaries generated by this business processing technology continue to escalate.

Dealing with the new cooling and power requirements is a challenge for data centre operators globally. Adoption of liquid-based cooling is increasing as it is considered more efficient than air-based cooling. The use of liquid-based cooling techniques by data centres is expected to grow significantly in 2020, posting a Compound Annual Growth Rate of almost 16% during the forecast period.

Energy turnover has become a major limiting factor to the performance of a trading firm’s high-density compute stack, rather than the clock rate or number of chips used. For a specific segment of the user base within the ALC ecosystem, the performance of these finely tuned trading plants primarily depends on how much heat can be dissipated.

Adam Bradley, ASX’s Global Head of Sales, said:

“Reducing risk and cost feature heavily in our conversations, and ASX is actively addressing this. The introduction of high-density pods helps firms deploy their next generation trading architecture in a less complex and more efficient manner. Subject to demand and the advancement of technology, we have the capacity to deploy additional high-density pods”.

The ASX’s ALC, launched back in 2012, is a data centre built exclusively for organisations in the financial markets ecosystem. It provides customers with a range of communication, execution and information services including the most secure and fastest possible access to all ASX liquidity – ASX Trade Match, ASX Centre Point and ASX 24. There are more than 120 customers at the ALC including international investment banks, Australian brokers, market makers, proprietary firms as well as data vendors, software and system vendors, and all major telecom carriers.

Read this next

Market News

Stock Market Analysis: Is NVDA Losing Its Leadership?

Since the beginning of the week, the S&P 500 Index (US500) has seen a modest increase of about 0.58%, whereas NVDA’s share price has experienced a decline of approximately 3.8%. This recent divergence raises concerns among Nvidia stock investors — could it signify a loss of NVDA’s market leadership?

Industry News

ESG: Australian regulator wins first greenwashing court case against Vanguard

Vanguard admitted that a notable portion of the securities within both the Index and the Fund did not undergo the promised ESG scrutiny.

Fintech, Uncategorized

BitMEX integrates HALO from Solidus Labs for cross-market surveillance

““The recent approval of the Spot Bitcoin ETF has piqued the market’s interest. As a result of price volatility, the trading volumes for crypto derivatives have gone up substantially. HALO, with its advanced technology and crypto-native detection architecture, will enable BitMEX to smoothly and safely scale trade surveillance across its increased trading volumes and provide the necessary safeguards for new product launches.”

Industry News

Horizon Software rebrands to Horizon Trading Solutions

“Horizon Trading Solutions has seen accelerated global growth over the past year to meet the rising demand for our trading solutions and built-for-purpose technology offering. The choice to rebrand represents a key part of this development, while maintaining our heritage and history in the industry.”

Market News

USDJPY has surged to levels last witnessed in 2022. Should we consider opening a short position?

The recent resurgence of the US dollar has propelled USD/JPY to new heights, touching levels not seen since 2022. This surge comes against the backdrop of stable short-term yields and ongoing economic data that fails to signal a significant slowdown, prompting questions about the extent of current monetary easing measures.

Digital Assets

DED Trends on Twitter After Memecoin Snapshot Announcement

Polkadot-backed community coin #DED, made it to the trending charts on X, demonstrating community’s engagement and interest behind the memecoin. 

Digital Assets

BlockDAG Presale Nears $10 Million Amid Toncoin’s Momentum, Green Bitcoin’s Presale, and the Rise of Other Top Cryptos

This article will examine three top trending topics: Toncoin’s potential, Green Bitcoin’s innovative presale, and BlockDAG’s sustainable mining approach. These cryptocurrencies take centre stage for their uniqueness and innovation.

Digital Assets

Coinbase scores minor victory vs SEC, but lawsuit to proceed

A federal judge in Manhattan, U.S. District Judge Katherine Polk Failla, ruled on Wednesday that the U.S. Securities and Exchange Commission’s (SEC) lawsuit against Coinbase can largely proceed.

Web3

COTI Teams Up with Civic for Enhanced Digital Identity Control

СOTI and Civic are teaming up to enhance digital identity security in Web3, aiming to provide users with more control over their digital selves through innovative technology.

<