Digital Asset to provide blockchain-based platform for completion of post-trade allocations and processing for northbound trades under Stock Connect.
Think about what blockchain technology can do internally for your organisation, says Digital Asset CEO
Blythe Masters also outlines the importance of interoperability between blockchain systems as it is unlikely there will be "a single solution or one approach to DLT".
Gillian Larkins will join ASX as CFO later this month and served as the CFO for Citigroup in Australia and New Zealand between 2004 and 2008.
JP Morgan becomes the first ASX OTC clearing participant to launch an agency clearing service for AUD and NZD denominated derivatives.
ASX is now looking to launch its new post-trade blockchain system in March or April 2021, rather than the end of 2020 as initially planned.
US market participants will be able to trade directly with ASX without having to trade through an intermediary.
Testing of ASX's new blockchain-based post-trade system to begin in Q2 next year, with industry-wide testing in Q1 2020.
Former JP Morgan exec to join Digital Asset as a senior product manager in the company's Sydney office.