TIBCO works with ASX to create interconnected data platform

TIBCO Software

Tim Thurman, ASX

With data sources proliferating throughout organisations, one of the challenges for enterprises is how to best integrate, interconnect and leverage this data.

TIBCO Software has been working with the Australian Securities Exchange (ASX) to address this by building out a data foundation within the organisation and providing visual analytics and real-time streaming data.

ASX selected the TIBCO Enterprise Service Bus in 2015 to provide the interface between each of its core business services. The API-based architecture of the platform allowed for the streamlining of data flows without any alterations to the underlying systems.

“Many of our existing systems are proprietary and data is not handled in a standard way,” said ASX chief information officer, Tim Thurman. “The TIBCO ESB platform provides us with a robust solution on which systems can communicate much more efficiently.”

Vaz Balasingham, director, solutions consultants, Australia and New Zealand, TIBCO, said the company had been working with the ASX for more than five years and had deployed a portfolio of tools within the organisation.

“Our experience in the financial services sector means we have a clear understanding of what a complex organisation such as ASX requires from its IT infrastructure,” Balasingham said. “Working with the ASX IT team, we have been able to create a platform that supports its core business activities in addition to providing the foundation for future enhancements.”

ASX has a number of projects underway and the majority of those involve integration with the TIBCO ESB platform.

“Already, several core services are linked to the bus, and it has become the backbone of our entire IT infrastructure,” said Thurman. “It underpins our core operations and ensures we can provide first-class customer service. Our technology transformation strategy continues and we look forward to working with TIBCO throughout this process.”