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Australia Exchange Hires for Data-Crunch Unit Amid Tech Revamp

  • ASX hiring at least 20 people to package data and sell on
  • Futures trading technology revamp to finish by April 2016

Australia’s main exchange operator is hiring at least 20 people to help crunch data that can be packaged and sold on, as it works on the biggest overhaul to its trading technology in more than a decade.

ASX Ltd. is creating a new team to analyze raw data, including information on latency and trade clearing, and sell it to customers, said David Raper, the firm’s head of trading and information services. In other changes, its futures market will move to a new technology platform in April and equity trading will join that same system in September 2016, he said.