Australia’s Financial And Energy Exchange Chooses BT As Cloud Connectivity Provider - BT Radianz Cloud Offers A New Route To Trade On Australian Based Pan Asian Exchange

BT today announced that Australia’s Financial and Energy Exchange Group Ltd (FEX) has chosen the BT Radianz Cloud to provide a new and flexible way for global market participants to access its exchange. 

By joining the BT Radianz Cloud community – the world’s largest secure networked financial community - FEX will be able to offer easier access to the rapidly developing Asian energy and commodity markets, linking local growth with global demand. 

The deal reflects the desire to increase Australia’s presence as a financial centre in the Asian region, following the introduction of new government regulations in March 2010. The rules are designed to make financial markets more innovative and efficient, supporting the development of Australia as a leading financial centre and providing a platform to attract new venues such as FEX. 

Thomas Price, CEO of FEX, said: “Our service providers need to be able to offer us capabilities that are compliant, efficient, secure and fast. BT leads the way in providing financial services cloud connectivity. They help us extend our global reach and gain greater access to the community that we need to attract new clients and grow our business.” 

Tom Regent, president, global banking & financial markets, BT, said: “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. BT´s depth and breadth in the exchange community mean that over 70 per cent of equity trades are conducted on exchanges connected to the BT Radianz Cloud . This puts us in a unique position in terms of the expertise we provide to our exchange clients.” 

FEX is the latest in a series of exchanges that have recently joined the BT Radianz community.