Deputy CEO of ASX who spearheaded exchange’s blockchain project departs
Departing deputy CEO leaves ASX to pursue interests in FinTech and blockchain technology.
Departing deputy CEO leaves ASX to pursue interests in FinTech and blockchain technology.
Major markets globally have suffered outages in 2020. Hayley McDowell considers whether exchanges should be doing more to ensure markets operate efficiently and without disruption.
ASX said the market would remain closed until 17 November following an issue with Nasdaq software that created inaccurate market data.
The latest delay will push the DLT post-trade project at ASX back to April 2023, as the exchange again cites COVID-19 as a cause.
The ASX DataSphere platform can be deployed for collaboration, commercialisation or as a data-as-a-service solution.
A recent consultation by the ASX on the CHESS replacement timetable, showed around 91% of CHESS users said they will be able to meet the revised go-live date.
The post-trade blockchain project at ASX has been pushed back by one year as the exchange faced pressure from users to delay the launch.
The ongoing coronavirus pandemic forced ASX to rethink the launch of its new blockchain-based post-trade settlement system.
ASX, Digital Asset and VMware are looking to extend the use of blockchain technology in financial services in Australia and New Zealand.
The exchange's new DLT solutions team has been created to look at other ways the ASX can use the technology in the equities and non-equities space.