Risk.net
Industry groups and tech experts worry that proposed last-minute changes will introduce new risks Print this page
Changes proposed by Australia’s top exchange to its new blockchain-based settlement system for stocks have drawn fire from prominent sections of users, who fear that the amendments will create new risks.
Under the proposal published in February, the Australian Securities Exchange (ASX) will move to an exception-only reporting model, meaning that clearing brokers will no longer receive confirmation messages for trades that settle successfully. The overnight netting cycle will also be replaced by
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WatersTechnology.com As ASX preps Chess replacement testing phase, other data & cloud projects progress
Testing on the new DLT-based platform will begin in July. The Aussie exchange is also making progress on its DataSphere project and has addressed ASX Trade after an outage last year, according to the company’s CEO. Print this page
As the Australian Securities Exchange closes in on the completion of its ambitious Clearing House Electronic Subregister System (Chess) replacement project, the operator is also focusing efforts on a new data delivery platform.
Although much attention has been focused on the Chess replacement project, ASX CEO Dominic Stevens said Thursday during a briefing for the exchange’s half-year results to Dec. 31, 2020 (1H21) that it is only one part of a much broader technology transformation program.