ASX Weighing Blockchain Transition Over Legacy Chess System

[kreslik.news]

The Australian Securities Exchange’s (ASX) legacy post-trade infrastructure could be in line for an upgrade. Leading executives at the exchange are weighing options for its Chess system, eyeing a platform based on distributed ledger technology that could potentially be decided as early as December.

Register now to the London Summit 2017, Europe’s largest gathering of top-tier retail brokers and institutional FX investors

Exchange venues are gradually coming around to blockchain-based platforms, given several inherent advantages associated with its structure. In addition to helping curb counterparty risks, distributed ledger technology has also helped lower transaction costs while simultaneously improving transparency measures.

The ... (read more)