AXE ECN coming online April 20, 2007
Posted by James Webster in : finance , trackbackAXE, ‘the Australian ECN’ now has a basic website outlining some of their plans and the work done so far. It looks like some of my former colleagues from Cards Etc will be partly involved in this venture; they now work at SMARTS who will be providing AXE’s market surveillance system. FIX has also been chosen as the primary interface to AXE; given the ASX have also recently introduced FIX support I think FIX skills will be increasingly in demand in Australia. Check out QuickFix, QuickFIX/J, Marketcetera or CohesiveFT’s FIX virtual appliances to learn and understand more about FIX.
Meanwhile it appears that the ASX is feeling the heat. And AXE will probably avoid the order flow externality…
‘Yanco believes AXE’s initial business, provided by its shareholders, will attract more order flow’.
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