Australian Securities Exchange, Tokyo Stock Exchange and Fujitsu collaborate on RFQ platform
The offering is expected to bring innovation in electronic trading and support the development of the Australian ETF market.
The offering is expected to bring innovation in electronic trading and support the development of the Australian ETF market.
The collaboration aims to break down barriers of entry to Australia’s markets, and provide infrastructure which directly connects to ASX’s data centre, the Australian Liquidity Centre (ALC).
The past week saw appointments across cash equities, electronic sales, high touch trading, technology, data and RFX trading.
Individual joined ASX in 2016 and has previously served at: Chi-X Australia and the London Stock Exchange.
Decision follows the Australian exchange’s scrapping of its DLT project to replace its legacy clearing and settlement system last November.
Though the decision would be driven by regulators, the ASX is engaging with key market players on whether Australia should move to T+1, what would need to change to support the transition and how the move would be co-ordinated with New Zealand.
Exchange’s CHESS replacement project with Digital Asset comes to an end after significant time and costs are poured in over six years to no avail.
Exchange group says its blockchain-based post-trade platform is unlikely to go live before late 2024 as it commissions independent review of the new application.
The past week saw appointments from ASX, JonesTrading, LCH, DNB Asset Management, Tourmaline Partners, DWS Group and Kepler Cheuvreux.
New CEO will replace Dominic Stevens, who will aid with the transition until 30 September, after which he intends to retire.