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.
A discussion about blockchain projects in the capital markets, the crypto space and further delays for the CAT.Subscribe to Weekly Wrap emails
- A Blueprint for Alternative Data in Asset Management
- Witad Awards 2019 Write-Ups: Rising Star (End-User)—Irene Kan, TD Securities
- Women in Financial Services: The Shameful Truth
- Witad Awards 2019 Write-Ups: Legal/Compliance Professional of the Year—Miranda Morad, MarketAxess
- Witad Awards 2019 Write-Ups: Technology Innovator of the Year (Vendor)—Regina Williamson, London Stock Exchange Group