ASX considers blockchain for clearing and settlement

Sydney Morning Herald:

Bitcoin’s much-lauded transaction record, blockchain, is being seriously considered as a replacement for the Australian Securities Exchange’s clearing and settlement system.

Managing director Elmer Funke Kupper said the ASX, which is in the middle of replacing its trading systems, had a once-in-a-generation opportunity to install the best technology, and blockchain could reduce cost, save time and cut complexity in the clearing and settlement of trades, now done by a system known as the Clearing House Electronic Subregister System (CHESS).

The full article is available here: http://www.smh.com.au/business/banking-and-finance/asx-considers-blockchain-for-clearing-and-settlement-20151024-gkhs46.html

Related Posts

Previous Post
With non-cash trades on the rise, will indemnification become an issue for sec lending agents?
Next Post
CFTC Commissioner Giancarlo places the blame for market illiquidity squarely on regulation

Fill out this field
Fill out this field
Please enter a valid email address.

X

Reset password

Create an account