Livewire has acquired Market Index, the country’s leader in free stock market data.
Find out why.

ASX half-year results announcement

Kym Sheehan

The Executive Remuneration Reporter

ASX released its half year results today...but the area that caught my eye is slide 15 in the presentation pack outlining the opportunities for ASX from distributed ledger technology for post-trade innovation. On the issuer/listed company side, ASX notes electronic AGMS, streamlined/automated corporate actions and improved shareholder analytics. On the investor side, ASX notes consolidated view of holdings, choice of real-time access to securities/cash, real-time dividend payments, voting, simplified tax preparation, recording of sophisticated investor requirements. A number of these services are currently provided by other entities, notably share registries and corporate actions (eg Computershare). As Computershare's CEO noted in the half year results presentation yesterday, CPU is also across distributed ledger technology and actively considering what this means. What remains to be discussed is how revenues will flow within a new world of distributed ledgers. While ASX's CEO indicates an initial answer is about 18 months away (will this technology replace Chess?), I note his comment of how the ecosystem will change as the sequential processes that currently exist can be executed in a different manner.

1 stock mentioned

Kym Sheehan
Kym Sheehan
The Executive Remuneration Reporter

With a background in human resources, executive search and corporate law, Kym Sheehan brings unique perspectives on corporate governance and meeting resolutions to her work for The Executive Remuneration Reporter. The Executive Remuneration...


No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.