Hi
@gattertop , This article as well as your commentary on it is very valuable.
Some additional comments of mine:
The article states that in 2013 when Funke Kupper was CEO , "ASX believed that if it did not develop a blockchain option, another clearing provider, such as the London Clearing House or the London-based SETL, might. This could threaten the role of the ASX in the future". My comment: Does ASX still consider this to be true? Does it explain some things?
The article says that several financial firms were experimenting on DLT on a small scale and didn't know if it would work on a large scale. Funke Kupper's comment, which to me seems incredibly irresponsible, "We decided that the only way to discover if it could work for our equity market was to build the real thing." !!!! What the ....????!!!!
"Funke Kupper stepped down as CEO after a media report made allegations of corruption relating to his time as CEO of Tabcorp". It is important to note here that in September 2019, the federal police dropped the investigation because it could not obtain the required evidence to support a criminal prosecution.
Stephens: “Improving ASX’s technology is part of a broader world view where the technology sector becomes a more prominent part of ASX itself, commensurate with its growing stature in the global economy”
Article: "Some say ASX is using its privileged position over clearing and
settlement to lock down future revenue streams by expanding the new system into additional services."
Stephens lives next door to Lachlan and Sarah Murdoch, knows James Packer, and catches up with Philip Lowe (RBA) regularly. My comment: John Karantzis, how is your networking going?
