ASX abandons transition to blockchain-based platform, cuts up to 200 jobs

ASX abandons transition to blockchain-based platform, cuts up to 200 jobs

FILE PHOTO: A visitor takes a photograph of a board displaying stock prices at the Australian Securities Exchange (ASX) in Sydney, Australia March 6, 2017. REUTERS/Steven Saphore

The Australian Securities Exchange will cut up to 200 contractors working on a project to replace its main trading platform with so-called blockchain technology after cancelling the overhaul, the company told Reuters.

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