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