NEW YORK & SYDNEY, March 1 (Bernama) -- Nasdaq (Nasdaq:NDAQ) and
Australian Securities Exchange (ASX) have announced that Nasdaq will
replace ASX's existing equities and equity options clearing technology
platforms - a significant element of ASX's technology transformation
program outlined in February 2015. This technology development will be
undertaken on Nasdaq's Genium INET Clearing platform, which is already
in use at ASX for futures clearing. It reflects ASX's commitment to
consolidate its number of post-trade platforms and improve efficiencies
for its customers.
ASX also recently went live with Sentinel Risk Manager, Nasdaq's
post-trade risk management solution. Phase 1 - the default management
component - is now in operation. Once fully implemented, the new next
generation platform will provide ASX with a single, real-time risk
management system across both its clearing houses and all asset classes,
including real-time margin calculation and related customer risk
analytics.
http://www.bernama.com/bernama/v8/newsindex.php?id=1220620
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