The Australian Securities Exchange (ASX) has leased two floors of its three-level Gore Hill Business Park data center to a Singaporean company, according to a report by IT News in Australia.

ASX CIO Jeff Olsson told IT News the company is building out the remaining two levels at the Australian Liquidity Centre as data center space.

The Liquidity data center was built as part of the second phase of consolidation resulting from merger of the Australian Stock Exchange and Sydney Futures Exchange. But in December last year ASX said it would not require all levels of the AU$32m data center for operations, and that it would instead lease two levels of the building.

“This means that the minimum lease commitments disclosed in note 22 of the 2011 Financial Statements will reduce over the initial non-cancellable term of 12 years from AU$62m to AU$33.9m,” a revised lease statement issued by the ASX said.

Under the arrangement, the ASX said it gave up all rights to lease additional space in the building.

ASX’s current data center facility can hold 100 ASX cabinets and 500 colo cabinets for trading customers, and the exchange uses another facility in Bondi, Sydney, for backup.

The Gore Hill data center is just 5km North-West of Sydney’s central business district and has been designed to Tier III standards with 6MW of power offered per cabinet. It opened just this year.

Liquidity Center partners so far include BT Radianz, Citi Group, ABN Amro, Fidessa, Goldman Sachs, Deutsche Bank, Credit Suisse, Nomura, RBS and UBS.

The ASX has two trading platforms – ASX Trade and ASX Trade 24. ASX Trade executes more than 10m equity trades per month, valued daily at about AU$5bn, while ASX Trade 24 measures about AU$150bn a day in trades.