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.
Majority of banks and brokers will be ready for ASX blockchain-based post-trade system in 2022, says exchange
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.
Industry heavyweights Vanguard, BNY Mellon, Franklin Templeton, and State Street completed a pilot to trade FX forwards using DLT.
The ongoing coronavirus pandemic forced ASX to rethink the launch of its new blockchain-based post-trade settlement system.
Trust banks, asset managers, and other securities services providers have been invited by JPX to participate in the test.
The Swiss Exchange is readying the launch of its digital asset ecosystem, with Omniex set to provide the front-end platform of the business.
FX settlement provider CLS has added three major investment banks to its blockchain-based netting platform, with nine institutions now live on the service.
Axoni has launched its distributed ledger network for equity swaps, with Citi and Goldman Sachs among the first to adopt the platform.
The best of the month’s stories from The TRADE, including BNP Paribas, Ardevora, MiFID II, distributed ledger technology and Leaders in Trading 2019.