Tagged: chess

Report: Australian Stock Exchange (ASX) Rival Chi-X Concerned ASX’s New Blockchain Settlement System Could Be Anti-Competitive

Chi-X, an Australian stock exchange that handles about 20% of the country’s trades, is concerned that a new cost-cutting blockchain registry, settlement and clearing system being developed by rival ASX will enhance the ASX’s market dominance over settlement, Reuters reports. Chi-X, a subsidiary of New-York-based… Read More

ASX Will Migrate to Blockchain to Replace 20+ Year Old Trading System

The Australian Securities Exchange (ASX) will migrate away from its Clearing House Electronic Subregister System or “CHESS” to a system using Distributed Ledger Technology (DLT) commonly referenced as Blockchain. The CHESS platform has been in place since the 1990s. ASX said it is now taking… Read More

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