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Showing 31 - 40 of 77 results for %22ASX CHESS%22

Iress expands Perennial partnership

ELIZABETH MCARTHUR  |  MONDAY, 11 OCT 2021
... administration partnership with Perennial Value Management. Iress will support the Perennial issued Daintree Hybrid Opportunities Fund (ASX:DHOF), connecting the fund to brokers via CHESS along with traditional managed fund channels through its quoted ...

Stake sets $3 brokerage for ASX-listed stocks

KANIKA SOOD  |  MONDAY, 13 SEP 2021
Stake, best known for its $0 brokerage on 6000 American stocks and ETFs, will now offer ASX-listed stocks and ETFs for a $3 brokerage fee. The four-year-old firm is currently running the ASX brokerage in beta test version during which the brokerage ...

ASX posts mixed results

ANNABELLE DICKSON  |  THURSDAY, 19 AUG 2021
The ASX recorded a 3.6% decrease in statutory profit to $480.9 million as expenses rose to support operating and growth initiatives. Operating revenue grew 1.4% to $951.5 million which it attributed to growth in listings and issuer services. ASX chief ...

ASX invests in GROW Inc

KANIKA SOOD  |  FRIDAY, 11 JUN 2021
ASX has acquired a minority stake in fast-growing superannuation administrator GROW Inc. In a statement, the exchange said the investment aligns closely with ASX's strategy to drive efficiency in financial services using distributed ledger technology ...

ASX deputy chief executive resigns

KANIKA SOOD  |  WEDNESDAY, 26 MAY 2021
... in the role and 23 years with the company. Hiom was also the group executive of business development.His last day with the ASX will be July 1. He is leaving to join fintech investor Motive Partners as an industry partner. "Peter has made a significant ...

ASX profits slide, names chair

ANNABELLE DICKSON  |  THURSDAY, 11 FEB 2021
The Australian Securities Exchange (ASX) has recorded a fall in profit in its half-year results and has replaced its chair following the retirement of its incumbent. Net profit after tax dropped 3.4% to $241.8 million and net interest income down 39.5% ...

ASX delays CHESS replacement again

KARREN VERGARA  |  WEDNESDAY, 28 OCT 2020
The Australian Stock Exchange has pushed back the CHESS replacement date by another year to April 2023. The ASX announced it has increased the scope of the project as a result of COVID-19 following industry consultation. Many stakeholders the ASX consulted ...

Superhero sets eyes on managed accounts

ALLY SELBY  |  WEDNESDAY, 7 OCT 2020
... "fixated on having an individual HIN" in the past, he argues this is just a mindset - and one ripe for disruption, too. "The ASX is actively trying to replace the CHESS system, its 25 years old, so I think our competitors use it because it's very ...

RBA, ASIC provide CHESS guidance

ALLY SELBY  |  FRIDAY, 2 OCT 2020
ASIC and the Reserve Bank of Australia have outlined their expectations for the replacement of ASX's clearing and settlement system CHESS, as it shifts towards more contemporary and flexible software. The importance of replacing the system in a timely ...

It's not a bird or a plane; it's a new trading platform

ALLY SELBY  |  MONDAY, 7 SEP 2020
... allowing it to offer the flat $5 brokerage rate. Shares are still held on a holder identification number (HIN) on the ASX's CHESS system to safeguard financial assets. The trading platform offers investors two pricing options, either its "basic" ...