Australian Securities Exchange welcomes Marex as futures clearing participant
Through the addition, the Australian market will open up and add competition, filling the void left by major banks departing, says Marex.
Through the addition, the Australian market will open up and add competition, filling the void left by major banks departing, says Marex.
Exchange says 20 firms already exploring Synfini which uses the same technology as ASX’s flagship CHESS replacement but is offered as a cloud service.
Reserve Bank of Australia points out that ASX had only “partly observed” operational risk standards across its clearing and settlement platforms, in a review of the exchange.