Yieldbroker is an electronic marketplace designed for institutional investors and banking participants trading in Australian and New Zealand debt securities and derivatives.
It is the first non-ASX liquidity venue to move its systems to the ALC – a data centre providing clients with communication, execution and information services and fast access to ASX Trade Match, Centre Point and ASX 24.
The addition of Yieldbroker will enable customers already located at the ALC with direct, cost-effective access to Yieldbroker’s markets.
Australian Yieldbroker customers outside of the ALC will be able to connect to Yieldbroker’s markets via the ASX net, a low latency fibre network.
International customers can connect by using ASX Net Global.
ASX general manager of trading services David Raper said the ASX is pleased Yieldbroker has joined the community of leading financial institutions, execution venues, network and trading technology providers and market data vendors already located at the ALC.
“The arrival of Yieldbroker represents an important milestone for the ASX Australian Liquidity Centre, which will now host the major pools of traded liquidity for both debt and equity markets,” said Mr Raper.
He said that the Australian Liquidity Centre is becoming a primary hub for Australia’s financial markets.
“By bringing together a broad range of financial participants under one roof, we are offering our clients the unique ability to access Australia’s largest pools of liquidity and information, with reduced complexity, cost and risk,” said Mr Raper.
Yieldbroker chief executive Richard Swift said the decision to co-locate at the ALC demonstrates Yieldbroker’s commitment to servicing the local market and making participant and partner connectivity simpler, less costly and faster than ever before.
“The ALC is a growing liquidity pool for our customers. By bringing the community together in a central location, opportunities magnify, performance is evident and everyone benefits,” said Mr Swift.
