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Ferrall said the company’s TradeCentre application was ideally positioned as a drop-in replacement as ASX Best was withdrawn from the Australian market.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“However, now with ASX Best now having been withdrawn, we’re seeing a big uptick in demand as market participants look for ways to protect themselves from failures and downtime in the event that the major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.”

TradeCentre is developed and maintained in Australia. The solution provides multimarket connectivity, primary and backup OMS and a range of trading capabilities suitable for small and large Australian institutions.