The Australian Securities Exchange (ASX) revealed on Tuesday that it would delay the replacement of its current Clearing House Electronic Subregister System (CHESS) with a blockchain system. Thus, the new platform will go live by about six months later than initially planned. The move comes after market participants noted that the shift was complex and required a gradual transition.
ASX has published a new “scope and implementation plan” for the replacement of its current clearing and settlement system. The document says that market players have analyzed ASX’s consultation paper released in April and had supportive opinio...
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