The Australian Securities Exchange (ASX) will spearhead the use of blockchain to settle trades by offering the service free as an initial inducement to banks, instead of using industry-standard connections via Swift and AMQP.
The exchange, which has been working to replace its creaky Clearing House Electronic Subregister System (Chess), would offer the teaser rate on blockchain beginning in the first half of 2021 for three years, WatersTechnology’s sibling publication Risk.net has learned.
The founder and CEO of Imperative Execution looks at how trade execution is changing and what that means for the buy side.Subscribe to Weekly Wrap emails
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