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, Pacific Stock Exchange, LIFFE, New York Stock Exchange, American Stock Exchange, Chicago Board of Trade, Chicago Stock Exchange, 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."
