The Australian Securities Exchange (ASX) is reportedly considering whether to use blockchain technology to manage trade risk.
According to the Financial Times, ASX CEO Elmer Funke Kupper said in a recent interview that the exchange, Australia's largest, is considering an application of the blockchain as it explores how to go about improving its trading systems.
Funke Kupper told the publication:
Funke Kupper stressed that ASX isn’t rushing to adopt the technology, thought, and that a decision won’t be made “for another six to seven months”.
The ASX CEO’s comments echo statements from earlier this year, when he told The Sydney Morning-Herald that the stock exchange was weighing whether to enhance its clearing and settlement system using blockchain technology.
"We are looking at what we can do to bring end-to-end efficiencies, and we have people looking very closely at blockchain to see if we can create efficiencies for our clients, investors and companies,” Funke Kupper said at the time.
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