BT claims cloud boost for Australian finance exchange
BT claims the world’s largest secure networked finance community now has better access to Asian markets after deploying its Radianz Cloud service.
Australia’s Financial and Energy Exchange group (FEX) is deploying the cloud product to simplify access to the exchange for global companies. The rollout will also make it easier for FEX to access Asian energy and commodity markets, BT states.
“The global nature of the exchange sector and the need to work quickly, securely and compliantly across multiple time zones means that there is a growing value in exchanges – and their customers – connecting in a single community,” explains Tom Regent, president of BT’s global banking and financial markets division.
Regent says 70% of equity trades are currently conducted on exchanges connected to his firm’s cloud product.
FEX chief Thomas Price says BT’s product covers key Australian finance compliance requirements. As well as boosting the exchange’s global trading ability, the telco is enabling FEX to “gain greater access to the community that we need to attract new clients and grow our business,” he states.