ASX Upgrades its Equities Clearing Capabilities Via Nasdaq’s Technology Suite

[kreslik.news]

Nasdaq (Nasdaq:NDAQ) has been selected by the Australian Securities Exchange (ASX) for the implementation of its equity options clearing technology, which is slated to replace the ASX’s existing equities technological configuration, according to a Nasdaq statement.

The ASX has been steadily upgrading its technology suite for the past year, having first embarked on the initiative in February 2015. The latest upgrade will see the phasing out of the ASX’s equities and equity options clearing technology, which will be undertaken by Nasdaq’s Genium INET Clearing platform.

The Nasdaq’s Genium INET Clearing platform supports several asset classes, including traditional cash and fixed income ... (read more)