Australian Stock Exchange Using Radianz's IP Infrastructure.Business Editors/High-Tech Writers SYDNEY, Australia & NEW YORK--(BUSINESS WIRE)--Oct. 22, 2003 Radianz and the Australian Stock Exchange Australian Stock Exchange (ASX) Australia's major securities market, formed when the six state stock exchanges (Adelaide, Brisbane, Hobart, Melbourne, Perth, and Sydney stock exchanges) were merged in 1987. Ltd. (ASX ASX See: Australian Stock Exchange ) today announced that Radianz is providing Internet Protocol (IP)-based networking on a global scale to ASX. The companies said ASX is using Radianz's global financial extranet, RadianzNet, as an efficient approach for connecting financial institutions worldwide to its electronic clearing, pricing and news services. ASX also is using RadianzNet to access services it uses, including the Belzberg Trading Network, which Radianz announced as a customer in Nov. 2002. Jeff Olsson, executive general manager, Production Services of ASX said, "Our use of RadianzNet puts us in the company of many prominent exchanges worldwide that rely on Radianz for secure connectivity to their customers and trading partners." These exchanges include the Boston Stock Exchange The Boston Stock Exchange (BSE) is a regional stock exchange located in Boston, Massachusetts. The third-oldest stock exchange in the United States, it was founded in 1834. On October 2nd, 2007 Nasdaq agreed to acquire BSE for $61 million. , Pacific Stock Exchange, LIFFE LIFFE See: London International Financial Futures and Options Exchange LIFFE See London International Financial Futures and Options Exchange (LIFFE). , New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. , American Stock Exchange American Stock Exchange (AMEX) Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921. , Chicago Board of Trade Chicago Board of Trade (CBOT) The second largest futures exchange in the US, and a pioneer in the development of financial futures and options. , Chicago Stock Exchange Chicago Stock Exchange (CHX) A major exchange trading only stocks, with 90% of trades taking place on an automated execution system, called MAX. , and other Radianz-announced customers. Olsson added, "Radianz's business model also is enabling us to gain easy access to a large community of institutions, including many of our potential customers that are already connected to RadianzNet." ASX's use of Radianz's services gives it access to the more than 9,000 financial sites worldwide and in excess of 105 providers of data and trading applications that are connected to RadianzNet. This includes a wide range of financial institutions, order-management systems, trade-order routing companies, exchanges, and more. Dushyant Shahrawat, senior analyst at TowerGroup said, "While connectivity is the backbone of the capital markets industry, it is the lifeblood for global exchanges that rely on network providers for effective and scalable connections to financial institutions, electronic networks and other vendors. Choosing the right network provider is a crucial decision for global exchanges as they compete for market share in global trading." About Radianz Radianz (www.radianz.com) is an independent company with the world's largest Internet Protocol (IP)-based network for the global financial services industry. The company uses its network, a global financial extranet called RadianzNet, to provide superior IP connectivity and services designed to meet the demands of professionals in the finance community. Radianz was established by Reuters (RTR.L) and Equant (NYSE NYSE See: New York Stock Exchange : ENT) (Euronext Paris: EQU) in June 2000. Radianz and the lighthouse logo are trademarks of the Radianz group of companies worldwide. Notes to editors: ASX's selection of Radianz highlights Radianz's well-established presence in the Asia-Pacific-Australasia region. Another Radianz-announced customer, AFE Solutions in Hong Kong, has been using Radianz networking that includes IP multicast technology for more than two years. Radianz is a global company with offices in Sydney, Hong Kong, Tokyo, and Singapore. Outside the Asia-Pacific-Australasia region, Radianz has offices in New York, London and in other key financial centers worldwide. |
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