Digital exchanges nipping at the heels of slow-to-evolve players

Singapore

TRADITIONAL exchanges should brace themselves for stiffer competition, given the emergence of a growing number of regulated digital players that are set to make a wider range of assets tradable, Jos Dijsselhof, the chief executive of the Swiss stock exchange operator Six Group, has said.

Using distributed ledger technology, digital securities exchanges enable quicker, cost-effective transactions, while also paving the way for access to alternative assets, which may otherwise be available only to financial institutions or ultra-high-net-worth investors.