Australian Securities Exchange (ASX)
The Waters Cooler: Why can’t we be friends?
The ABA vs most every regulator. LSEG vs BBG. AI vs SaaS. Buy vs build. Lots of drama in the capital markets.
ASX, SGX earnings driven by diversified revenue
After the Chess disaster, ASX focuses on rebuilding confidence, while SGX continues investing in its derivatives business. Meanwhile, HKEx mulls data play.
DTCC’s blockchain for CDS trades finds no takers
Sources say the industry is not yet ready to fully adopt wide-scale implementations of distributed-ledger technologies.
Post-trade still struggling from underinvestment, but purse strings are opening
Bloomberg, Broadridge, BNP Paribas, and a handful of startups are working to address manual processes in the back office.
Waters Wrap: Big Tech, exchanges and a rapidly evolving market
Following LSEG’s partnership with Microsoft, Anthony talks with some industry participants to explore what this might mean for exchange tech going forward.
Broken chains: how DLT code switch compounded ASX fail
Sources say that vendors will suffer the most in the fallout from ASX’s “paused” blockchain settlement project.
Waters Wavelength Podcast: Episode 257 (DLT loses favor)
This week, Shen and Tony talk about the usability of distributed ledger technology as a solution for capital markets firms.
Waters Wrap: ASX’s Chess DLT meets calamitous fate—what can be learned?
The future of exchange technology resides in the cloud…not blockchain. Anthony says ASX proved this with its Chess replacement project.
Waters Wrap: ASX, Cboe and evolving exchange technology
As ASX’s Chess replacement project stalls yet again, Anthony wonders if the exchange is at risk of falling behind the likes of Cboe, Nasdaq and CME, which are making major investments in cloud technology.
Lower cross-border latencies open HFT opportunities
Automated and high-frequency trading in Asia have generally lagged behind US and European markets. But as low-latency data availability increases, that may soon change.
Is DLT post-trade a solution without a problem?
Sources question landmark projects' ability to use technology at scale as further delay besets ASX deployment
People Moves: Deutsche Börse, Talos, Gresham, Tradefeedr, and more
A look at some of the key people moves from this week, including Shannon Johnston (pictured), who joins Deutsche Börse as chair of the supervisory board's technology committee.
Bank's corporate actions overhaul 'saves hours,' but industry still seeks elusive silver bullet
Although some market participants are trying to automate corporate actions internally, full STP is unattainable without end-to-end buy-in from all participants along the event lifecycle.
MarketAxess rolls out DataBP's self-service portal to simplify market data licensing
MarketAxess is looking to scale its business and launch new offerings by leveraging DataBP's platform, which utilizes API and cloud-based technology, to optimize its management of post-sales relationships and market data.
From overhype to practical use cases: the DLT projects that gained ground in 2021
WatersTechnology reflects on some notable distributed ledger technology projects.
ASX goes live with new DLT-as-a-service platform
Synfini enables customers to access the exchange’s DLT infrastructure, data hosting, ledger services, and support.
Waters Wrap: Examining Digital Asset’s DLT strategy (and its broader implications)
Digital Asset has slowly expanded its influence with exchanges in the APAC region, and this year has made additional inroads in the US and Europe. Anthony examines the company's wins and losses over the last seven years.
ASX builds ‘DLT-as-a-service’ offering to help prep market for Chess replacement
The exchange’s customer Daml sandpit has been up and running since January and has had over 20 firms log on. The next phase—its DLT cloud environment—will be ready in early October.
A blockchain believer: Broadridge looks to expand its DLT influence
The market infrastructure provider has rolled out its blockchain-based repo transaction platform with plans to further build on the emerging technology.
ASX automates corporate actions with issuer forms
The exchange group has completed the multi-year program aimed at standardizing data capture and message delivery using the ISO format.
Waters Wrap: ESG’s growing influence on market data consolidation (And exchange data)
Anthony explains why he thinks ESG will play a major role in the anticipated market data consolidation that’s to come. He also looks at moves made by some exchanges to cut out the data vendor middleman.