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ASX Postpones Launch Of Long-In-The-Works DLT Trading System Amid Coronavirus Concerns

Ramsey Baker

Summary: The Australian Securities Exchange (ASX) has decided to delay the launch of its long-awaited distributed ledger technology (DLT) trading system due to the "uncertainty" brought on by the coronavirus outbreak. The Sydney-based stock exchange announced it put a hold on the release of its new DLT-based system, which will provide same-day settlements for trades. In ...

The Australian Securities Exchange (ASX) has decided to delay the launch of its long-awaited distributed ledger technology (DLT) trading system due to the "uncertainty" brought on by the coronavirus outbreak.

The Sydney-based stock exchange announced it put a hold on the release of its new DLT-based system, which will provide same-day settlements for trades. In June, ASX will seek user input on the new schedule which will move the release date from April 2021 to a later currently undetermined date.

By Ramsey Baker

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Link: ASX Postpones Launch Of Long-In-The-Works DLT Trading System Amid Coronavirus Concerns   [Copy]
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