Eastern trading meets Western technology.
Asia’s newest exchange, the Asia Pacific Stock Exchange (APX), has upgraded its technology and chosen NasdaqOMX’s X-stream and Genium FIX technologies. The Nasdaq infrastructure will power the APX’s APeX trading platform.
The new multi-asset class electronic trading system is expected to go live in late 2014.
“APX is revolutionizing the way Asian capital, especially China, is accessed,” said George Wang, Deputy Chairman, APX. “By tapping NASDAQ OMX to provide our trading technology, we are selecting a platform with proven capabilities to offer multi-asset classes, indexes, high capacity and the FIX infrastructure that offers local and overseas participants standardized, reliable, stable and fast communication. We are proud to be offering our customers an industry-leading trading platform that matches our growth ambitions, making our operational capabilities limitless.”
APX is seeking to differentiate itself from other exchanges in a number of ways. These include attracting a large number of investors from Asia-specifically in Greater China-to trade on the APX market. It plans to offer growth companies via competitive listing fees, adoption of a multilingual approach (starting with English and Chinese) in the trading and information platform, as well as customer service.
APX also hopes to provide a higher degree of market transparency and integrity than what is currently available.
The Asia Pacific Stock Exchange (APX) is a securities exchange based in Sydney, Australia, having held a market operator’s licence since 2004. APX provides opportunities for growth oriented companies in Australia and Asia to raise the capital they need for expansion from a diversified range of domestic and international investors in the Asia-Pacific region. It looks to compete with the Shanghai and Shenzhen stock markets.
APX is a multi-cultural and multi-lingual exchange working with its partners to expand its representative reach in Beijing, Shenzhen and Shanghai, further building on its strong understanding of both Chinese and Western financial and capital markets.
NASDAQ OMX’s exchange technology, including trading, clearing, CSD and market surveillance systems, is in operation in over 100 marketplaces across USA, Europe, Asia, Australia, Africa and Middle East.
