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Magellan buys front-row seat to CHESS makeover – The Australian Financial Review

Magellan says its $20 million backing of FinClear is because the clearing outfit is ‘at the forefront of what’s happening and deeply engaged with the ASX’.

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FinClear “is effectively looking to link right into the plumbing of that evolving exchange”.
Mr Douglass suggested a lot could be done on product development as a result: “We’ve been looking at this from the outside and often we will just speak to the exchange and things, but having a seat at the table with FinClear, who’s really at the forefront of what’s happening and deeply engaged with the ASX and Chi-X and others, we think is in our interest.”
He added cryptically: “There’s things we’re looking…

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