ASX Ltd (ASX:ASX) and London Stock Exchange Group PLC (LSE:LSEG) have announced a collaborative agreement to modernise and upgrade ASX 24’s trading platform, in a move aimed at supporting the next phase of growth and resilience.
ASX 24 is the leading trading venue for Australian and New Zealand interest rate, equity and commodity futures and options, supported by long trading hours, a diverse and liquid trading community, and the stability of Australia’s AAA-rated market.
The partnership builds on LSEG Markets Technology’s experience supplying market infrastructure to Tier-1 and emerging markets globally, including Brazil, Qatar, Argentina and Singapore. LSEG said its technology product suite is used by exchanges and market operators each day, with a track record in high-demand trading environments.
“Upgrading ASX 24’s trading platform is a critical investment in the long-term resilience and performance of Australia’s derivatives markets platform," Farid Sammur, Head of Markets Technology, ASX, said. "Our focus is on running a fast, fair, and reliable environment that enables our customers to manage their risk and discover prices. This upgrade positions ASX 24 with the infrastructure to innovate faster, continue to respond to changing participant needs, and maintain a high standard of operational excellence in our market.”
High-performance, low-latency trading platform
Under the agreement, LSEG Markets Technology will provide a high-performance, low-latency trading platform engineered for speed, resilience and capacity. ASX said the upgrade will focus on boosting resilience, reducing operational risk and improving ASX 24’s ability to innovate, expand its product set and respond to growing sophistication in global derivatives trading.
“ASX 24 plays a vital role not only in Australia but across global derivatives markets. We are proud to partner with ASX in delivering next generation trading infrastructure that enhances resilience, strengthens performance, and enables innovation. LSEG Markets Technology underpins major exchanges around the world, and this partnership reinforces our shared commitment to maintaining strong, transparent, and globally competitive markets while demonstrating leadership in delivering world-class markets technology at scale,” Bruce Kellaway, Global Head of LSEG Markets Technology, said.
ASX and LSEG Markets Technology said they will work closely throughout 2026 on platform design, testing, migration and participant readiness to support a smooth transition. The upgrade is also expected to lay the foundation for future enhancements to liquidity, transparency and product innovation across one of the world’s most actively traded interest-rate derivatives ecosystems.