FinClear partners with Burrell for ASX trading capability
Burrell managing director Chris Burrell said FinClear TradeCentre had all the features market participants could require to seamlessly continue business-as-usual trading activities as they transition away from ASX Best.
“Our firm’s needs are straight forward – a stable, reliable market connection that allows us to trade on behalf of our clients with the least possible risk,” he said. “Our connection with FinClear goes back a number of years, and we’re delighted to be able to implement this new solution into our business.”
FinClear CEO David Ferrall said the company’s TradeCentre application was ideally positioned as a drop-in replacement as ASX Best was withdrawn from the Australian market.
“TradeCentre isn’t a new solution – it’s been running stably at many of our clients for more than seven years, providing multimarket connectivity and acting as either a primary or backup order management system,” he said.
“However, now with ASX Best now having been withdrawn, we’re seeing a big uptick in demand as market participants look for ways to protect themselves from failures and downtime in the event that the major providers experience outages.”
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