ASX approaching artificial intelligence with caution


The blockchain-based CHESS replacement project, the ASX is experimenting with artificial intelligence and machine learning, but it’s cautious of letting the tech run wild in such a sensitive market.

While the Australian Securities Exchange (ASX) makes a global name for itself by implementing one of the real use cases for distributed ledger technology (DLT) in its blockchain-based CHESS replacement project. The organization is looking into the application of artificial intelligence (AI) and machine learning (ML), highlighting that in the ASX’s context, there are a lot of examples where machines are making quite clever decisions.

It has settled on the idea that if it is a decision that should be made by a human, it probably should be made by a human, but it can still use technology to help.

They are thinking about augmented intelligence replacing a human, particularly in areas where we need to be able to explain our decision or there’s gravity associated with the decision.

The ASX is also investing heavily in infrastructure. It’s building a secondary data centre, refreshing its network, and upgrading its website. ASX sees itself accelerating the investment into replacing aged assets and contemporizing technology from the ground up, not necessarily just application replacement.

Expanding on the ASX’s data analytics platform DataSphere, Chesterman said the exchange is essentially creating a data lake with a set of analytic tools attached to it.

Some ASX data will be ingested some of which have not been previously distributed in the form of market data feeds or other items, and then also third parties can then ingest their data in with very robust data governance technologies and contracts.

The DataSphere initiative has been using it internally for a couple of months, in October it will start to ingest the first third party data elements to it and make analytics products available to the market as well.



, , , ,


Home Page

The winner of the title Mr. Pune 2009, Mr. Shreyas Tanna is currently the young, dashing, and dynamic CEO of a market research company called ResearchNReports in Pune. Fondly known as RNR, the company specializes in market research as well as industry analysis, and is closely associated with its parent company Absolute Market Insights (AMI). Mr. Shreyas Tanna began his corporate journey as the Head of Corporate sales & PR at RED Entertainment while pursuing his degree for MMS (Marketing) from the MGM College of Management, Mumbai. After accomplishing the tedious task of balancing his work and education, he further polished his skills in Corporate Sales, Public Relations, Channel Development, Global Client Engagement, Strategic Consulting, and Brand Development by working with HDFC Life and Researchmoz Global Pvt. Ltd. His dedication towards his work has even won him accolades such as the National Level Performer 2013 – HDFC Life and Mr. Research Moz 2015. A disciplined individual with a loving heart, he is often seen taking crisp walks with an engrossed look and a gentle smile within the premises of his company to interact with the various departments. And he will be usually followed by an adorable trail of his beloved trio of Shih Tzu babies proudly known as Gucci, Drake, and Paris. The most enticing thing that you will notice about this content and proud pet parent is his infectious positivity and the firm belief in his eyes, a reflection of his favorite quote, “LIFE IS BEAUTIFUL!”