Australian market operator Chi-X urges regulators to investigate the impact of blockchain technology on stock trading

According to Reuters, Australian market operator Chi-X urged Australian regulators to investigate the impact of blockchain technology on stock trading and arbitrate disputes with the Australian Stock Exchange (ASX). The Australian market operator said it will replace its registration, settlement and clearing system with blockchain technology to reduce customer costs and is currently testing the platform. Chi-X Australia's stock trading volume accounts for one-fifth of the Australian stock market. The company said on Wednesday that it would be disadvantageous to switch to blockchain technology.