ASX Welcomes PRO IT to the Australian Liquidity Centre

The Australian Securities Exchange (ASX) and PRO IT, a provider of data centre infrastructure support services, have announced today in a joint statement that PRO IT will be co-locating to the Australian Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term Centre (ALC), ASX’s state-of-the-art data centre. The introduction of PRO IT will offer expert support and bespoke IT services to both new and existing customers wishing to be located in the centre of the Australian financial market.

PRO IT focuses on providing IT infrastructure services to the finance industry

PRO IT focuses on providing IT infrastructure services to the finance industry with a broad reach spanning across several Australian capital cities as well as an offshore capability, enabling the company to engage with companies looking to enter the Australian market.

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The move means that organisations within the ALC will now have access to a suite of high availability services specifically geared towards the high demands of the industry. The provision of private cloud, infrastructure as a service, multi-tenant Hosting Hosting Hosting refers to the location of a broker’s technology stack. This is one of the most crucial elements of a brokerage that helps prevent the company from losing money due to being unable to mitigate latency risks.Brokers or exchanges are traditionally very vulnerable to latency arbitrage due to the speed with which financial markets move. The traditional datacenter locations for forex brokers are all centered at Equinix facilities around the globe. What Are the World’s Foremost Data Centers?Sin Hosting refers to the location of a broker’s technology stack. This is one of the most crucial elements of a brokerage that helps prevent the company from losing money due to being unable to mitigate latency risks.Brokers or exchanges are traditionally very vulnerable to latency arbitrage due to the speed with which financial markets move. The traditional datacenter locations for forex brokers are all centered at Equinix facilities around the globe. What Are the World’s Foremost Data Centers?Sin Read this Term and remote hands will make doing business for PRO IT customers in the ALC more efficient and robust.

Commenting on the news, PRO IT Managing Director Bekir Kilic said: “We are very much looking forward to extending our infrastructure services and private cloud platform into the ALC. The revolution of Australian FinTech is also opening up opportunities to bring new ventures into the ALC community with start-ups looking to tap into the vast sums of financial and economic data being created there.”

ASX ranks as one of the world’s top 10 exchange groups by market capitalisation, with a diverse and expanding global customer base and over 100 companies positioned within the ALC. PRO IT, with its long track record in helping firms address reduce costs, complexity and risk, while increasing business agility, is the latest company to be welcomed into the ALC community.