The Australian Securities Exchange announced in November it had chosen Tata Consulting Services to run the new CHESS replacement project after initial plans with Digital Asset were scrapped in 2022.
Sources say the industry is not yet ready to fully adopt wide-scale implementations of distributed-ledger technologies.
Bloomberg, Broadridge, BNP Paribas, and a handful of startups are working to address manual processes in the back office.
Following LSEG’s partnership with Microsoft, Anthony talks with some industry participants to explore what this might mean for exchange tech going forward.
Sources say that vendors will suffer the most in the fallout from ASX’s “paused” blockchain settlement project.
This week, Shen and Tony talk about the usability of distributed ledger technology as a solution for capital markets firms.
The future of exchange technology resides in the cloud…not blockchain. Anthony says ASX proved this with its Chess replacement project.
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.
Automated and high-frequency trading in Asia have generally lagged behind US and European markets. But as low-latency data availability increases, that may soon change.
Sources question landmark projects' ability to use technology at scale as further delay besets ASX deployment
A look at some of the key people moves from this week, including Shannon Johnston (pictured), who joins Deutsche Börse as chair of the supervisory board's technology committee.
Although some market participants are trying to automate corporate actions internally, full STP is unattainable without end-to-end buy-in from all participants along the event lifecycle.
MarketAxess is looking to scale its business and launch new offerings by leveraging DataBP's platform, which utilizes API and cloud-based technology, to optimize its management of post-sales relationships and market data.
WatersTechnology reflects on some notable distributed ledger technology projects.
Synfini enables customers to access the exchange’s DLT infrastructure, data hosting, ledger services, and support.
Digital Asset has slowly expanded its influence with exchanges in the APAC region, and this year has made additional inroads in the US and Europe. Anthony examines the company's wins and losses over the last seven years.
The exchange’s customer Daml sandpit has been up and running since January and has had over 20 firms log on. The next phase—its DLT cloud environment—will be ready in early October.
The market infrastructure provider has rolled out its blockchain-based repo transaction platform with plans to further build on the emerging technology.
The exchange group has completed the multi-year program aimed at standardizing data capture and message delivery using the ISO format.
Anthony explains why he thinks ESG will play a major role in the anticipated market data consolidation that’s to come. He also looks at moves made by some exchanges to cut out the data vendor middleman.
HKEx is looking to leverage smart contracts for its Synapse platform. Sell-side participants are generally positive as to the reasoning behind the build, but observers warn the ambitious project still has challenges to overcome.