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Showing 51 - 60 of 211 results for %22ASX Settlement%22

RBA, ASIC provide CHESS guidance

ALLY SELBY  |  FRIDAY, 2 OCT 2020
... new system. ASIC and the RBA are co-regulators of licensed clearing and settlement facilities, with ASX Clear and ASX Settlement both required to ensure that their services are provided in a fair and effective way. "ASIC believes the Australian financial ...

ASX director retires

ALLY SELBY  |  WEDNESDAY, 30 SEP 2020
... will also remain a director of the exchange's intermediate holding companies, ASX Clearing Corporation and ASX Settlement Corporation. Warne is currently the chair of Macquarie Group, a role which he has held since 2016 having served as a director ...

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

ALLY SELBY  |  MONDAY, 7 SEP 2020
... Khushbu Patel. Superhero uses proprietary technology to consolidate settlements at the end of each trading day to reduce settlement costs, using OpenMarkets' for its trade execution, clearing and settlement services. These cost savings are then passed ...

ASX reviewing CHESS replacement feedback

ALLY SELBY  |  THURSDAY, 6 AUG 2020
The ASX is now reviewing market recommendations on the new system to replace CHESS, following the conclusion of a four-week consultation period ending July 28. CHESS was developed by the ASX over 25 years ago, enabling the conversion of physical shares ...

SelfWealth awards brokerage mandate

ALLY SELBY  |  TUESDAY, 4 AUG 2020
ASX-listed trading platform SelfWealth has renewed its clearing, settlement and execution (CS&E) mandate with retail broker OpenMarkets, in a move that it says demonstrates the two fintech's shared objective of disrupting the status quo. The agreement ...

IOOF settles class action

JAMIE WILLIAMSON  |  MONDAY, 25 MAY 2020
... settled one of the class actions brought against it on the back of the Royal Commission. The wealth group announced to the ASX this morning it has settled in the class action brought by Quinn Emanuel Urqhart & Sullivan in April 2019. The class action ...

TradeFloor acquires tech solutions

ALLY SELBY  |  MONDAY, 11 MAY 2020
... "Having operated for more than seven years, [OpenMarkets] boasts 57,000 clients and is the largest independent, non-bank aligned ASX Clearing and Settlement Participant," it said. "Tchourilov and Janiczak have acquired a 50% stake of OpenMarkets Group ...

BNY Mellon IM boutique heads for ASX mFunds

KANIKA SOOD  |  TUESDAY, 28 APR 2020
... A-REITs and listed infrastructure funds) but $1.03 billion in funds under management (lowest of all listed fund categories on ASX, by a wide margin). "We are delighted to attract Insight Investment, an internationally recognised fund manager, to our ...

Xplore Wealth outlines 2020 plans

ALLY SELBY  |  FRIDAY, 21 FEB 2020
ASX-listed platform Xplore Wealth has announced a slew of new products and offers, set to launch in 2020. It comes as the platform provider releases its results for the 1H2020 financial year. Xplore is set to release three new products in 2020, including ...

Former Challenger executive joins ASX board

ELIZABETH MCARTHUR  |  MONDAY, 6 JAN 2020
... a director on our subsidiary clearing and settlement boards, including as Chairman of ASX Clear Pty Limited and ASX Settlement Pty Limited, the licensees for our cash equities clearing and settlement facilities." Woods was formerly the chief executive ...