New US stock exchange will use the blockchain to track trading activity
could use the nascent technology to offer faster trade settlements. Compared to a traditional exchange where it typically takes two days to settle a trade, BSTX will offer same-day and next-day settlements. It will also use a private blockchain to offer a market feed that will allow members to see their own trades, as well as that of others, on an anonymous basis.
What it won’t offer members is the option to trade digital tokens, meaning it’s not a new venue for buying and selling cryptocurrencies and other virtual assets. Jay Fraser, a director with BSTX, toldthe exchange plans to potentially allow trading of stock tokens at a later date. BSTX had planned to exclusively focus on tokenized securities, but the SEC rejected those plans in a prior filing.
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