Waters Wrap: ASX, Cboe and evolving exchange technology
As ASX’s Chess replacement project stalls yet again, Anthony wonders if the exchange is at risk of falling behind the likes of Cboe, Nasdaq and CME, which are making major investments in cloud technology.
I’m down in North Carolina visiting family, so I’ll keep this short and sweet. Two announcements hit the wires recently, and I think they’re both fairly big developments.
First, on August 3, the Australian Securities Exchange (ASX) announced that it is yet again delaying the rollout of its distributed-ledger technology (DLT)-based Chess replacement project to 2024. The $250 million endeavor has not gone smoothly; so much so, that consultancy Accenture was called in to help right the ship. If
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