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Showing 21 - 30 of 139 results for "CHESS"

ASIC launches fresh inquiry into ASX

KARREN VERGARA | MONDAY, 16 JUN 2025

... provides an opportunity for ASX to bolster market trust." ASIC will discontinue its investigation of the 20 December 2024 CHESS batch settlement failure and fold it into the broader Inquiry. ASIC is currently suing the ASX in the Federal Court for allegedly ...

ASX offloads interest in Digital Asset

MATTHEW WAI | FRIDAY, 13 JUN 2025

... Exchange (ASX) has sold its shareholding in Digital Asset Holdings, the firm it partnered with in 2016 to build the doomed CHESS replacement. The sale price is approximately $57 million, with a pre-tax gain of about $42 million compared to ASX's current ...

ASX admits CHESS tech staff 'stretched'

ELIZA BAVIN | THURSDAY, 1 MAY 2025

The ASX has completed a resourcing and capability review for CHESS, after an outage occurred in late December 2024 which saw a "technical issue" on the CHESS Batch Settlement that disrupted and delayed several days' trade settlements. This outage ...

RBA and ASIC slam the ASX: 'Deeply disappointed'

ELIZA BAVIN | MONDAY, 31 MAR 2025

... the regulators expressed their deep concerns about the potential for operational incidents, referring specifically to the CHESS batch settlement failure. "The RBA and ASIC are increasingly concerned and deeply disappointed over the management of operational ...

ASIC told to 'end the chaos' of ASX CHESS issues

ELIZA BAVIN | FRIDAY, 28 MAR 2025

... complaints and how it executes its duties. The report suggested ASIC take "whatever steps are necessary" to deal with the ASX's CHESS system update issues. "The committee will continue to be interested in ASIC's work using its expanded powers to oversee ...

Treasury responds to CHESS replacement inquiry

ELIZA BAVIN | TUESDAY, 4 MAR 2025

... Parliamentary Joint Committee on Corporations and Financial Services report, Competition in clearing and settlement and the ASX CHESS Replacement Project: The CHESS Replacement Project is too important to fail, which examined ASIC, the Takeovers Panel ...

GCQ enters ETF market, expands sales team

ELIZABETH FRY | THURSDAY, 27 FEB 2025

... queries from advisers and stockbrokers over the last year asking when they would enter the ETF space. "These advisers use the CHESS platform and haven't previously been able to invest in the GCQ Flagship Fund but were attracted to GCQ's market-leading ...

ASX reports 'record' revenue for 1H25, lags in listings

MATTHEW WAI | THURSDAY, 13 FEB 2025

... there is much more to do as we continue building a new era for ASX." The announcement follows a settlement issue on its CHESS Batch Settlement before Christmas last year, with the ASX determining the root cause of the incident tracing back to the introduction ...

ASIC initiates ASX outage probe

JAMIE WILLIAMSON | MONDAY, 3 FEB 2025

... into the ASX outage that occurred in late December. On 20 December 2024, the ASX experienced a "technical issue" on its CHESS Batch Settlement that disrupted and delayed several days' trade settlements. The bourse did not identify the issue until two ...

mFunds sparked ASX outage, $1m credit issued

KARREN VERGARA | FRIDAY, 24 JAN 2025

... to the introduction of mFunds in 2014. mFunds enabled investors to access unlisted managed funds via their broker using CHESS, and in batch settlement, each individual mFund with transactions settling on a given day generates an additional record within ...

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BT appoints new head of strategy

KARREN VERGARA | 10:47AM

A former Allianz Retire+ executive has joined BT as the new head of strategy.

ASX sees trade volumes soar in May

MATTHEW WAI | 12:24PM

ASX saw a substantial growth in trade volumes last month, despite continued lackluster movement in IPOs.

Otivo launches AI-powered financial advice

MATTHEW WAI | 12:21PM

Otivo has launched a mobile app for Australians to access licensed advice powered by AI.

Munro expands access to climate focused fund

VINNY VUCAGO | 12:09PM

The Munro Global Growth Climate Leaders PIE Fund has been opened to retail investors in New Zealand.

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