The Australian Securities Exchange Is Keen on Blockchain Technology
The Australian Securities Exchange (ASX), the biggest stock exchange in the country-continent is keeping a close eye on blockchain technology, a recent report revealed. The CEO of Australia’s biggest stock exchange, the ASX, has revealed that the exchange is considering blockchain technology as the group is due to upgrade its current system for clearing and settlement of trades. In an interview with the Financial Times, ASX CEO Elmer Funke Kupper said: We’re having a very close look at this. The timing is almost perfect. Where blockchain can make an enormous difference, we’re having a look....
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The Australian Securities Exchange (ASX) approach toward adopting blockchain technology as its post-trade processing platform for clearing and settlement is reportedly leaving stakeholders and brokers disgruntled. According to a report in the Australian Financial Review, there is apprehension among stakeholders in Australia’s biggest securities exchange operator with its move to adopt blockchain technology as a replacement for its existing Clearing House Electronic Subregister System [CHESS]. A significant concern is stakeholders’ confidence, or lack thereof, in the ASX maintaining its....
Blockchain is under consideration to replace Australian Security Exchange's Clearing House Electronic Sub-register clearing and settlement System. The Australian Securities Exchange's (ASX), managing director, has confirmed that blockchain is a serious candidate to replace the existing clearing and settlement system. The Sydney Morning Herald reports that ASX managing director Elmer Funke Kupper sees the costs, timescales and complexities of the current Clearing House Electronic Subregister System (CHESS) - cut down by blockchain technology. In noting the technology as a "once in a 20-year....
The Australian Securities Exchange (ASX) is seriously considering replacing its current clearing and settlement system with blockchain technology, reports claim. According to the Sydney Morning Herald, ASX CEO Elmer Funke Kupper said blockchain technology could help cut the cost and time associated with its Clearing House Electronic Subregister System (CHESS). The CEO added: "We are looking at what we can do to bring end-to-end efficiencies, and we have people looking very closely at blockchain to see if we can create efficiencies for our clients, investors and companies." He continued:....
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