Australian Securities Exchange’s Blockchain Implementation Sees Friction
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....
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