Chanticleer
Deutsche Boerse tick for ASX tech upgrade
Germany’s stock exchange operator has joined the growing list of organisations adopting the digital smart contracts software at the heart of the ASX’s $250 million upgrade of its clearing and settlement system.
The pressure on ASX chief executive Dominic Stevens over the implementation of a new clearing and settlement system eased this week when Deutsche Boerse said it would use the same software at the heart of the ASX CHESS replacement project.
Deutsche Boerse, which operates the Frankfurt Stock Exchange, said it would implement a fully digital post-trade platform with long-term strategic technology partners Digital Asset Holdings and Microsoft, as well as R3 and VMware.
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