Australia
Waters Wrap: Examining ASX’s CHESS do-over
The Australian exchange was the first exchange to be all-in on DLT—and the project failed. Anthony speaks with ASX’s Tim Whiteley to discuss the lessons learned and why he thinks the second attempt will succeed.
What firms should know ahead of the DSB’s UPI launch
Six jurisdictions have set deadlines for firms to implement the derivatives identifier, with more expected to follow.
ASX, SGX earnings driven by diversified revenue
After the Chess disaster, ASX focuses on rebuilding confidence, while SGX continues investing in its derivatives business. Meanwhile, HKEx mulls data play.
Waters Wrap: Big Tech’s subtle plans for capital markets domination
Amazon, Google, IBM and Microsoft aren't just cloud providers anymore—and their tentacles are going to spread deep into trading systems going forward.
Tradeweb aims to expand FI trading footprint after Yieldbroker addition
In what CEO Billy Hult described as a “challenging backdrop” for the quarter, the marketplace operator is looking ahead on acquisitions, automation and a widening pool of market-makers.
Waters Wrap: Blockchain—let’s put the hammer back in the box
With the ASX Chess DLT failure and users ignoring DTCC’s DLT option for its Trade Information Warehouse, Anthony wonders what it will take for the industry to stop touting this buzzword for non-specialized needs.
Broken chains: how DLT code switch compounded ASX fail
Sources say that vendors will suffer the most in the fallout from ASX’s “paused” blockchain settlement project.
Where does Pyth fit in?
A small number of exchanges have joined the Pyth Network. Nyela wonders whether the on-chain data distribution model fits in with the swift rise of data marketplaces.
Waters Wavelength Podcast: Episode 257 (DLT loses favor)
This week, Shen and Tony talk about the usability of distributed ledger technology as a solution for capital markets firms.
Waters Wrap: ASX’s Chess DLT meets calamitous fate—what can be learned?
The future of exchange technology resides in the cloud…not blockchain. Anthony says ASX proved this with its Chess replacement project.
As APIs go mainstream, good management is key
Though APIs have been around for a while, some financial institutions only consume 5% of them. To help better manage APIs, firms need to be aware of what they want to achieve with the APIs they create and use.
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.
Lower cross-border latencies open HFT opportunities
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.
Is DLT post-trade a solution without a problem?
Sources question landmark projects' ability to use technology at scale as further delay besets ASX deployment
People Moves: Deutsche Börse, Talos, Gresham, Tradefeedr, and more
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.
Bank's corporate actions overhaul 'saves hours,' but industry still seeks elusive silver bullet
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 rolls out DataBP's self-service portal to simplify market data licensing
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.
Brokers eye regulatory info as growth dataset to ease banks’ compliance burden
For years, inter-dealer brokers have provided price data on the markets in which they broker trades. Now, they spy a new growth opportunity—providing tailored datasets of clients’ trading activity to help them comply with a growing and increasingly…
Shaking things up in the dark: Vendors build new tools for dark-pool trading in Asia-Pacific
New conditional order venues could bring more liquidity and sophistication to dark pool trading in the region.
People Moves: ASX, Nasdaq, Capco, FDIC, and more
A look at some of the key "people moves" from this week, including Edwin Hui (pictured), who joins Capco as executive director and APAC data lead.
From overhype to practical use cases: the DLT projects that gained ground in 2021
WatersTechnology reflects on some notable distributed ledger technology projects.
People Moves: Cboe, Esma, ASIC, State Street, NeoXam, and more
A look at some of the key people moves from this week, including Erik Thedéen (pictured), who has been appointed vice chair of Esma.
ASX goes live with new DLT-as-a-service platform
Synfini enables customers to access the exchange’s DLT infrastructure, data hosting, ledger services, and support.
SGX to roll out new market data licensing, usage tool
The exchange is partnering with DataBP to offer an online portal that includes customer-facing tools and back-office automation.