Business
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’.
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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