ASX Archives - The Industry Spread

ASX to Replace Legacy Clearing and Settlement System With Distributed Ledger

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.

Niguel Brooks Appointed as Head of Infrastructure and Operations at HKEX

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.

Successful Opening of Customer Development Environment for DLT testing

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.

ASX Letter to ASX Shareholder Half-Year 2019

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. 

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