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ASX Unveils High-Frequency Trading Platform

The Australian Securities Exchange launched its high-frequency trading platform ASX Purematch.

The Australian Securities Exchange (ASX) launched its high-frequency trading platform ASX Purematch, Nasdaq reports. PureMatch’s initial launch covered the top 10 stocks, including BHP Billiton, Commonwealth Bank of Australia, Rio Tinto and Westpac Banking Corp. The platform will help ASX compete better with rival exchange Chi-X Australia.

The ASX 200 and exchange-traded funds will be fully launched on December 12. Continuous trading, with no opening, closing or intraday auction, is among the platform’s features. MarketSource, PureMatch Test Facility, Signal B, ASX ReferencePoint and Broker Trades T+3 are some of the market information products available at PureWatch.

Click here for the story from Nasdaq.

Click here for additional coverage from Sydney Morning Herald.

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