The first chance to access the exchange’s new build heralds profound changes to come.
As milestones go, next week will be a quiet one: on Monday, April 29, the Australia Stock Exchange (ASX) will allow brokers to begin connecting to its new back-office systems based on blockchain.
There won’t be a celebration or ticket tape. It’s just the start of a long process involving I.T. specialists at ASX and among some member firms. But next week marks the start for brokers to register, communicate, and verify identities with ASX’s replacement for Chess, its decades-old post-trade processing infrastructure.