Australian exchange could shorten settlement with blockchain

ASX will seek comment on quicker settlement of cash stocks – possibly the same day

Blockchain network

The Australian Securities Exchange (ASX) could shrink settlement times for cash equities through the use of blockchain, and will be seeking feedback from its clients on the idea.

Currently, cash stock trades are settled over two business days, or in industry parlance, T+2 (transaction date plus two). Using the distributed ledger technology (DLT) of blockchain, the ASX confirmed that period could be condensed; others speculated it could be as little as four hours.

The Australian exchange has

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: