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Showing 41 - 50 of 58 results for "CHESS Replacement"

ASX dumps CHESS replacement project

JAMIE WILLIAMSON  |  THURSDAY, 17 NOV 2022
More than seven years on from when talk of a CHESS replacement began, the ASX has confirmed it will go back to the drawing board, writing off about $255 million in investment already made. The bourse first touted it would look to replace CHESS in February ...

CHESS replacement delayed further, review underway

JAMIE WILLIAMSON  |  WEDNESDAY, 3 AUG 2022
The ASX has commissioned an independent review of its long-delayed CHESS replacement to enable the bourse to set a realistic go-live date, saying current indications suggest it won't launch before late 2024. The CHESS replacement project has been underway ...

ASX names new managing director

CASSANDRA BALDINI  |  THURSDAY, 2 JUN 2022
... growth optionality when he leaves." Her appointment comes as the ASX struggles to roll out its long-awaited CHESS replacement. The new technology was due to be launched in April 2021, was delayed to April 2022 and delayed again to April 2023. Last month ...

ASX CHESS replacement delayed again

JAMIE WILLIAMSON  |  WEDNESDAY, 11 MAY 2022
... After advising there was a chance there would be further delays back in March, the ASX has today confirmed the CHESS replacement will not be ready by April 2023. In an update, the ASX said the April 2023 go-live is no longer viable. "This decision reflects ...

ASIC considering more action on Sterling collapse

KARREN VERGARA  |  MONDAY, 14 FEB 2022
... Bank of Australia, the Council of Financial Regulators and ACCC, will continue to closely monitor the ASX's CHESS replacement program, particularly now the program is in key testing and readiness phases. The long-delayed transformation of the ASX's clearing ...

ASX chief steps down

KARREN VERGARA  |  FRIDAY, 11 FEB 2022
... with the transformation of critical systems, platforms and infrastructure complete or nearing completion". The CHESS replacement date was pushed back to April 2023 after experiencing several hurdles, such as failing to cope with trading volumes at the ...

ASIC enforces licence conditions on ASX

ANNABELLE DICKSON  |  WEDNESDAY, 24 NOV 2021
... Settlement involve appointing an independent expert to assess ASX's assurance program for the implementation of the CHESS replacement program and analysing whether it is fit for purpose. ASIC has also released a report into the outage that outlines its ...

ASX posts mixed results

ANNABELLE DICKSON  |  THURSDAY, 19 AUG 2021
... expense growth to moderate to between five and 7%. Capital expenditure was $109.8 million, reflecting the expanded CHESS replacement project and ASX's ongoing commitment to strengthen our foundations to build an exchange for the future," Stevens ...

ASX deputy chief executive resigns

KANIKA SOOD  |  WEDNESDAY, 26 MAY 2021
... April 2023. It had delayed the go-live twice in the past by a total of two years. The responsibility for the CHESS replacement project will shift to group executive Tim Hogben. "ASX has a long history of innovation in financial markets and it has been ...

ASX profits slide, names chair

ANNABELLE DICKSON  |  THURSDAY, 11 FEB 2021
... stakeholders that we continue to contemporise our technology," he said. Stevens also confirmed the go-live date for the CHESS replacement to April 2023 as the "scale, scope and testing program were increased". The board declared an interim dividend of ...