Telstra establishes PoP at ASX datacentre

Telstra establishes PoP at ASX datacentre

Summary: Telstra is establishing a point of presence at the Australian Securities Exchange financial markets datacentre, with the aim of offering low latency communications with other global financial centres.

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Telstra announced today it will become a customer of the Australian Securities Exchange (ASX), establishing a new point of presence (PoP) at the ASX Australian Liquidity Centre (ALC) financial markets datacentre.

The new PoP will see Telstra provide global financial services organisations with fast connectivity with other major financial centres.

Telstra's global head of financial services market segment Matthew Lempriere said that the new PoP will help the ALC meet customer demands for a low latency service when accessing the Australian marketplace.

"Financial institutions are increasingly facing diverse challenges relating to speed, resilience and integrity of data," said Lempriere. "At the same time they are looking for higher bandwidth and reliable low latency connectivity, to drive agility and flexibility in existing and emerging markets.

"This new PoP at the ALC ... means we are well positioned to provide a consistent service experience and a one-stop-shop for our customers' low latency global connectivity needs.

"It will also enable our customers to mitigate risks and scale quickly to meet changing business and bandwidth demands, whilst taking advantage of growth opportunities in the Asia Pacific region," he said.

Telstra said its new PoP connectivity is supported by comprehensive service level agreements, while its low round trip delay makes it a "safer option for businesses operating globally or in diverse geographies".

Lempriere said that the new PoP's scalability would be able to match fluctuating demand from the more than 100 financial markets customers with which the ALC deals.

"The service is highly scalable and can easily handle rapidly changing bandwidth demands, which are characteristic of low latency financial trading and cloud-based services," he said. "It also offers customers single point accountability and responsibility, as well as access to diagnostics capabilities, and builds on the momentum of previous PoP placements in both the Singapore Exchange and Hong Kong Stock Exchange in 2013."

ASX trading services general manager David Raper said Telstra's move to co-locate at the ALC datacentre reflected the growing need for reduced latency in international financial communications infrastructure.

"This arrangement demonstrates that there is a growing demand for international low latency connectivity to the ASX," he said.

Topics: Telstra, Telcos, Australia

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Leon covers enterprise technology and start-ups from ZDNet's Sydney newsroom.

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