Digital Asset’s DAML, the new system to replace ASX’s equities clearing and settlement system is being progressively deployed within ASX’s Customer Development Environment. ASX is on-track to go-live with the new DLT-based system in March-April 2021. The operator is also looking to provide DLT solutions to customers in Australia and New Zealand.
Hong Kong Exchange and Clearing announced earlier this week that it has hired Niguel Brooks as its new head of infrastructure and operations. The infrastructure and operations department is responsible for handling and managing all its application systems. In his new role as head of infra and ops, Brooks will be reporting to Richard Leung, Chief Technology Officer at HKEX.
Macquarie Securities (Australia) Limited (‘Macquarie’) has paid a penalty totalling $300,000 to comply with an infringement notice given by the Markets Disciplinary Panel (‘the MDP’).
The MDP had reasonable grounds to believe that Macquarie contravened the market integrity rules that deal with the provision of regulatory data to ASX and Chi-X.
ASX has successfully opened the Customer Development Environment (CDE) for its new equities clearing and settlement system to replace CHESS, which is based on distributed ledger technology (DLT). The first of seven ‘drops’ of software code was made available to customers on Tuesday 30 April. Additional functionality will be released at approximately eight-week intervals, culminating in full functionality in the CDE by mid-2020.
On 14 February 2019, ASX Limited (ASX) announced a strong result for the first half of the 2019 financial year (the six months to 31 December 2018 – 1H19). Statutory profit of $246.1 millionwas achieved, up 6.8% – almost $16 million – or up 10.2% on a like-for-like accounting basis, compared to the same period last year. Each of our four businesses grew solidly, as did interest earnings, during a period of heightened volatility, emphasising the benefit of ASX’s diverse business model.
ASIC Commences Civil Penalty Proceedings Against GetSwift Limited and Its Directors Bane Hunter and Joel Macdonald
ASIC has today commenced proceedings in the Federal Court of Australia in Melbourne against GetSwift Limited (GetSwift) and its directors Mr Bane Hunter and Mr Joel Macdonald.
ASX-listed company, Byte Power Group Limited (Byte Power), has paid a penalty of $33,000 after ASIC issued an infringement notice for an alleged failure to comply with Byte Power’s continuous disclosure obligations.
Australian Securities Exchange Releases its Preliminary Financial Results for H1FY2019, Reporting Strong Growth During the Period
Australian Securities Exchange (ASX) on Wednesday announced its preliminary financial results for the first half of fiscal 2019 on a group level. The primary security exchange of the country has witnessed some strong growth during the period, with a large uptick in market activity across all of its businesses.