ASX Gives Green Light to Clearing Blockchain

The exchange expects to release the proposed timing for transition for market feedback by the end of March 2018.

DLT

“Today’s decision is a decision around the technology and the choice of vendor,” said Dominic Stevens, CEO of ASX, in a conference call with journalists on December 6. “With this decided, we can go back to our stakeholders, post the significant input they’ve given us around what they’re looking for in a new clearing and settlement system, and deliver to them in March 2018, the scope of Day 1 functionality and the expected timing going forward. Post consultation with the market, we will then lock

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A tech revolution in an old-school industry: FX

FX is in a state of transition, as asset managers and financial firms explore modernizing their operating processes. But manual processes persist. MillTechFX’s Eric Huttman makes the case for doubling down on new technology and embracing automation to increase operational efficiency in FX.

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