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Showing 31 - 40 of 139 results for "CHESS"

Traders left scrambling over ASX settlement outage

MATTHEW WAI | MONDAY, 23 DEC 2024

... another glitch last week that disrupted two days' worth of trades. The ASX said it detected a "technical issue" on its CHESS Batch Settlement last Friday, forcing trade settlements on December 18 and 19 to be processed today. The ASX has since announced ...

ASX says CHESS Release 2 costs to hit $320m

ELIZA BAVIN | TUESDAY, 26 NOV 2024

ASX shareholders have been warned that the CHESS Release 2 will cost between $270 million to $320 million. The second release has an implementation target of 2029 as the ASX continues to work towards the delivery of Release 1 by 2026. The ASX also warned ...

ASX files defence against ASIC proceedings

ELIZA BAVIN | FRIDAY, 15 NOV 2024

... ASX has provided an update on its defence against the legal proceedings filed against it by ASIC over its handling of the CHESS replacement project. The ASX filed a Concise Statement in response to the proceedings brought by ASIC in the Federal Court ...

FCX granted 'historic' market licence by ASIC, RBA

ANDREW MCKEAN | TUESDAY, 8 OCT 2024

... Australian Clearing and Settlement Facility Licence positions FCX as the sole fully licenced alternative to ASX Clear and ASX CHESS, in Australia. Together, these licences make FCX the only operator besides the ASX to have complete market and clearing ...

ASX chair to retire, successor named

MATTHEW WAI | WEDNESDAY, 11 SEP 2024

... was re-elected at ASX's 2023 AGM, however has been under immense pressure in recent years particularly in relation to the CHESS replacement project. ASIC has initiated legal action against the stock exchange, alleging it made misleading statements related ...

ASX lifts revenue amid lower listings, capital raises

KARREN VERGARA | FRIDAY, 16 AUG 2024

... massive loss of $176.3 million was recognised in FY23 because of the derecognition and associated write down costs of the CHESS Replacement project. The ASX has four core business units: listings, markets, technology and data, and securities and payments. ...

ASX sued by ASIC for alleged misleading statements

ELIZA BAVIN | WEDNESDAY, 14 AUG 2024

... against the ASX, for allegedly making misleading statements related to its Clearing House Electronic Subregister System (CHESS) replacement project. ASIC has alleged statements made in ASX announcements on 10 February 2022 that the project remained "on-track ...

ASIC proposes cash equity clearing and settlement rules

ANDREW MCKEAN | TUESDAY, 30 JUL 2024

... commissioner Simone Constant said it is moving quickly to develop and implement these rules, which require that, during the CHESS replacement program and beyond, the ASX remains responsive to users and does not create barriers to competition. "Importantly ...

ASX advances CHESS replacement project

ANDREW MCKEAN | THURSDAY, 13 JUN 2024

The ASX announced today that the CHESS replacement project has entered the delivery phase. This follows a decision to proceed with a product-based solution developed by global technology firm Tata Consultancy Services. ASX chief information officer ...

Australia requires swifter settlement cycle: SIAA

KARREN VERGARA | WEDNESDAY, 15 MAY 2024

... will be immense pressure on Australian market participants to move towards a T+1 environment. "That's the time when the CHESS replacement 2.0 heats up. There's a lot to do and Australia's not alone," he added. Australia's financial market operators ...

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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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