Asia Pacific Stock Exchange (APX) has gone live with its new trading platform powered by Nasdaq's X-stream trading technology, as well as Genium FIX to power its APeX trading platform.
The upgrade is intended to strengthen the exchange's technological performance using the most widely-deployed trading technology on the market.
"Nasdaq's X-stream trading technology has the state-of-the-art capability, robustness and scalability to provide the right trading platform for our growth market as we expand our presence throughout Asia from our Australian base," said David Lawrence, COO at APX.
"Its deployment is another sign of our commitment to building an industry-leading and groundbreaking, new pan-Asian trading platform."
The new trading technology has been implemented as part of APX's efforts to increase its footprint in the Asian and Australian marketplaces.
"Nasdaq is proud to be part of this important milestone for [APX]," said Robert Fröjd, managing director and regional manager of South Asia, Southeast Asia and the Pacific for Nasdaq.
"With their go-live, they are well on their way to creating a powerful bridge for capital between China and Australia on a global scale."
Nasdaq's exchange technology, including trading, clearing, central securities depository and market surveillance systems, is in operation in over 100 marketplaces across the US, Europe, Asia, Australia, Africa and the Middle East.