NEW YORK and SYDNEY, March 15, 2015 (GLOBE NEWSWIRE) -- Asia Pacific Stock Exchange (APX) and Nasdaq (Nasdaq:NDAQ), today announced that APX has gone live with its new trading platform powered by Nasdaq's X-stream Trading technology, as well as Genium FIX to power its APeX® trading platform. The upgrade will strengthen the exchange's technological performance using the most widely-deployed trading technology on the market.
"Nasdaq's X-stream Trading technology has the state-of-the-art capability, robustness and scalability to provide the right trading platform for our growth market as we expand our presence throughout Asia from our Australian base," said David Lawrence APX Chief Operating Officer. "Its deployment is another sign of our commitment to building an industry-leading and groundbreaking, new pan-Asian trading platform."
The new trading technology will be an integral part of APX's efforts to increase its footprint in the Asian and Australian marketplaces, establishing the exchange as a competitive, alternative Australian listing and trading venue. Nasdaq's X-Stream Trading technology will allow APX to attract a variety of market participants to match international demand.
"Nasdaq is proud to be part of this important milestone for the Asia Pacific Stock Exchange," said Robert Fröjd, Managing Director and Regional Manager, South Asia, Southeast Asia and Pacific, Nasdaq. "With their go-live, they are well on their way to creating a powerful bridge for capital between China and Australia on a global scale."
Nasdaq's exchange technology, including trading, clearing, CSD and market surveillance systems, is in operation in over 100 marketplaces across the US, Europe, Asia, Australia, Africa and the Middle East.
Nasdaq (Nasdaq:NDAQ) is a leading provider of trading, clearing, exchange technology, listing, information and public company services across six continents. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 70 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. Nasdaq is home to more than 3,500 listed companies with a market value of over $9.1 trillion and more than 10,000 corporate clients. To learn more, visit http://nasdaq.com/ambition or http://business.nasdaq.com.
About Asia Pacific Stock Exchange:
The Asia Pacific Stock Exchange (APX) is a securities exchange based in Sydney, Australia, having held a market operator's licence since 2004. APX provides opportunities for growth oriented companies in Australia and Asia to raise the capital they need for expansion from a diversified range of domestic and international investors in the Asia-Pacific region. APX will offer Australian companies a new alternative listing and trading venue, and Chinese market participants an alternative listing and trading venue to the Shanghai and Shenzhen stock exchanges in China.
APX is a multi-cultural and multi-lingual exchange working with its partners to expand its representative reach in Beijing, Shenzhen and Shanghai, further building on its strong understanding of both Chinese and Western financial and capital markets. More information at www.apx.com.au.
APX is a wholly owned subsidiary of the AIMS Financial Services Group, an Australian diversified financial services and investment group, active in the areas of mortgage lending, securitisation, corporate advice, funds management, property investment and high-tech investment. More information at www.aims.com.au.
Source:The NASDAQ OMX Group, Inc.;Asia Pacific Stock Exchange