ASX upgrades its post-trade system and blockchain technology

January 22, 2016 10:15 AM

Australian Securities Exchange will upgrade its post trade system with blockchain technology from Digital Asset Holdings. ASX expects to shorten the settlement cycle, remove risk and reduce back-office administration and compliance costs for clients. Blockchain start-up Digital Asset Holdings, run by Blythe Masters, raised more than $50m from ASX, ABN Amro, Accenture, BNP Paribas, Broadridge, Citigroup, CME, Deutsche Börse, ICAP, JPMorgan, Santander, DTCC and PNC Financial Services.

National Stock Exchange of India has approached SEBI to allow it to list its shares on its own platform. Banks IFCI, SBI and IDBI and private equity companies are calling for an IPO. NSE Vice Chairman Ravi Narain expects the exchange list in short run, according to The Economic Times.
 
Korea Exchange plans to go public by 1H17 to strengthen governance. The exchange said it would seek partnerships and acquisitions with overseas peers for the long term. KRX plans to extend trading time by 30 minutes. Currently it operates from 9am to 3pm.
 

CME: NYMEX will launch a new incentive program to boost liquidity in international petroleum trading on February 1. The program will last until December 31, according to FOW.

BIS study warned that higher capital costs under Basel lll could reduce fixed-income liquidity; further work is needed to evaluate impact of algorithmic trading on market quality.
EU regulations would not allow EU banks to submit IRS transactions for clearing in US CCPs from February 21 if EU Commission refuse to accept US rules as equivalent.
 
ISDA said 67.1% of total notional outstanding in interest rate derivatives was cleared at end-June 2015. Portfolio compression has reduced the size of the market by approximately 62%
About the Author

Bernardo Mariano brings to ERDesk his experience structuring private deals for the acquisition of mutual exchanges. Prior to joining ERDesk Bernardo worked as a Director for Instinet and later, CEO of Reuters' Bondex. He holds an MS in Economics from University of Illinois and an MIA in Finance from Columbia University. He can be reaced at be reached at mariano@erdesk.com.