Australian Securities Exchange Makes Progress with Blockchain Tests
The Australian Securities Exchange (ASX) has completed capacity tests of blockchain or distributed ledger technology (DLT) and will continue to explore using a DLT solution to replace its existing infrastructure for post-trade processes in the country’s cash equity market. Rick Holliday-Smith, ASX chairman, noted at the annual general meeting that the government last year clarified the medium market structure for clearing cash market equities, enabling ASX to invest an infrastructure to meet global industry standards, according to meeting notes posted on the website. This enabled the....
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