ASX post-trade system replacement delayed to 2023 in latest setback
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 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.
Fiona Tramontana joins ASX in Sydney to work within its rates, derivatives and OTC markets business.
ASX is working to replace its equities clearing and settlement system with blockchain technology.
Vela will offer order routing and market data to Osaka Exchange as part of deal with JPX.