The Australian Securities Exchange (ASX) will offer co-location services in its derivatives segment in the second half of 2011 after agreeing to implement a trading system supplied by Nasdaq OMX. The exchange revealed its ambition as it unveiled that its half year profits fell 2.3% year-on-year to total A$168m ($153.4m) during the last six months of its 2009.
Speaking in a conference call to analysts, Robert Elstone, managing director and chief executive officer of ASX, said the bourse plans to upgrade its co-location offering following the upgrade of its trading platform which is expected to...