Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 61 - 70 of 99 results for "CHESS"

ASX gives timeline for CHESS replacement

KANIKA SOOD  |  MONDAY, 30 APR 2018
... Exchange has given an arrival date for its much-anticipated trade clearing and settlement system that will replace the older CHESS system. The new distributed ledger technology (DLT) will start clearing trades for the ASX about two years from now - somewhere ...

ASX pioneers blockchain technology

KARREN VERGARA  |  THURSDAY, 7 DEC 2017
... its trading platform, says deputy chief executive Peter Hiom. In announcing it will replace its trades settlement system, CHESS, with DLT provided by fintech Digital Asset, Hiom said the bourse will be the first to use a private and regulated network ...

Blockchain will boost company value: Research

EMMA RAPAPORT  |  TUESDAY, 28 NOV 2017
... industry-wide consultations at "great depth and pace" to roll out DLT in place of its 20-year-old trading clearing house system, CHESS. Stevens told the market DLT has the potential to make back offices operate more efficiently and function as a "single ...

ASX on track for blockchain announcement

KARREN VERGARA  |  TUESDAY, 26 SEP 2017
... told the exchange's annual general meeting today. An official announcement to determine the suitability of DLT to replace CHESS remains on schedule for December, Stevens said, adding stakeholder consultation is still underway. Stevens said the project ...

Female SMSF investors more focused on securing retirement

JAMIE WILLIAMSON  |  MONDAY, 4 SEP 2017
... 50% of investments by value. SMSFs are also using them to diversify into international equities, now representing 60% of CHESS holdings of international asset ETFs and LICs. "SMSFs are often characterised as insufficiently diversified, having portfolios ...

ASX flags imminent blockchain transition

KARREN VERGARA  |  THURSDAY, 17 AUG 2017
... industry-wide consultations at "great depth and pace" to roll out DLT in place of its 20-year-old trading clearing house system, CHESS. In releasing FY17 financial results today, Stevens told the market DLT has the potential to make back offices operate ...

Wealth begins its blockchain reaction

DARREN SNYDER  |  MONDAY, 7 AUG 2017
... making Australia one of the most sophisticated global markets on blockchain is the initiative of the ASX to replace its dated CHESS clearing and settlement system. "We're on six different working groups [here]," Colle says. He makes it no secret that ...

Saxo Capital Markets expands solutions

KARREN VERGARA  |  THURSDAY, 15 JUN 2017
... to hold Australian stocks through the HIN structure provided by the ASX's Clearing House Electronic Subregister System (CHESS) alongside other assets within Saxo's trading platform. OpenMarkets will be the first broker to offer the HIN solution on a ...

Custodians turn attention to CIVs and MITs

DARREN SNYDER  |  THURSDAY, 9 FEB 2017
... (WHT) for newly proposed investment structures and tax on financial arrangements (TOFA). Under operations, the proposed CHESS replacement, improvements in the standardisation of processing of discount securities and improvements to proxy voting automation ...

SMSF investors trade during market volatility

EMMA RAPAPORT  |  MONDAY, 16 JAN 2017
... to non-SMSFs at 35%. The use of exchange traded products including ETFs and LICs remained constant at around 2% of total CHESS holdings. "One pattern that is emerging is the move from ETFs to direct shares when the market spikes down and specific shares ...