ASX Selects Nasdaq to Replace Post-Trade Platforms for Equities, Equity Options
Nasdaq implements Genium Inet to replace ASX equities and equity options clearing platforms.
Nasdaq will implement its Genium Inet platform, which is already in use for ASX futures clearing, in place of ASX's existing post-trade technologies, as part of its technology transformation program. ASX also recently went live with Nasdaq Sentinel Risk Manager in the first phase of a two-year implementation, first announced in July last year.
"This post-trade phase of ASX's technology refresh will enable ASX to deliver globally proven technology and significant benefits to the Australian market, including increased flexibility, reduced complexity and scale efficiencies," says Tim Thurman, CIO at ASX. "While we have announced that ASX is exploring the potential of distributed ledger technology—or blockchain—to transform settlement processes in our market, we will continue to operate our existing post-trade services as normal."
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