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What can HKEx’s Synapse learn from watching ASX’s game of Chess?
HKEx is looking to leverage smart contracts for its Synapse platform. Sell-side participants are generally positive as to the reasoning behind the build, but observers warn the ambitious project still has challenges to overcome. Print this page
The Australian Securities Exchange (ASX) has recently made a name for itself for its ambitious plan to replace its Chess equities clearing and settlement system with a distributed ledger technology (DLT) platform developed by Digital Asset. But since that decision, the exchange has needed to delay its original go-live implementation timeline multiple times. After conducting a re-planning, re-sizing, and review of the project, ASX now aims to have Chess go-live in April 2023. The new timeline
WatersTechnology.com Waters Wavelength Podcast: Asian exchanges
Keiren Harris, a strategy-based market data consultant and founder of DataCompliance, joins the podcast to talk about exchanges in Asia and their data strategies.
WatersTechnology, record a weekly podcast touching on the biggest stories in financial technology.
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Tony is back from his two-week vacation! This week, Keiren Harris, strategy-based market data consultant and the founder of DataCompliance, joins Wei-Shen on the podcast to discuss how exchanges in Asia are approaching their data business. Keiren also writes about market data issues on MarketData.Guru.
WatersTechnology.com As ASX preps Chess replacement testing phase, other data & cloud projects progress
Testing on the new DLT-based platform will begin in July. The Aussie exchange is also making progress on its DataSphere project and has addressed ASX Trade after an outage last year, according to the company’s CEO. Print this page
As the Australian Securities Exchange closes in on the completion of its ambitious Clearing House Electronic Subregister System (Chess) replacement project, the operator is also focusing efforts on a new data delivery platform.
Although much attention has been focused on the Chess replacement project, ASX CEO Dominic Stevens said Thursday during a briefing for the exchange’s half-year results to Dec. 31, 2020 (1H21) that it is only one part of a much broader technology transformation program.
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The system monitors annual reports for issuer compliance with listing rules, speeding up a formerly manual job. Print this page
As part of its three-year strategic plan, one of the Hong Kong Exchange and Clearing’s (HKEX’s) goals was to use technology to modernize its core functions. In the past two years, some examples of this work include its next-generation post-trade platform, stock connect programs, and the buildout of its data marketplace platform.
While work on some of those projects is ongoing, one of the solutions that HKEX has already put in place is an artificial system called Jura, which is intended to