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Showing 1 - 10 of 147 results for "CHESS"

ASX to defend legal action brought by shareholder

MATTHEW WAI  |  MONDAY, 12 OCT 2026
... officers breached certain of their duties in connection with the previous Clearing House Electronic Subregister System (CHESS) project. The claims reiterated there are no allegations against ASX itself. A Statutory Derivative Action is a legal process ...

ASX still falling short of RBA's expectations

ELIZA BAVIN  |  THURSDAY, 24 SEP 2026
... a pathway to meet the standard expected of an operator of critical market infrastructure. The RBA said ASX strengthened CHESS resourcing and contingency arrangements following the December 2024 batch settlement incident. As a result, the RBA upgraded ...

ASX profits slump as ASIC inquiry costs bite

ELIZA BAVIN  |  THURSDAY, 13 AUG 2026
... in revenue for our Technology & Data division." Yip added he was pleased to have achieved the successful delivery of the CHESS Release 1. "This was an important milestone in strengthening the foundations of Australia's post-trade infrastructure, upgrading ...

ASX shareholder looks to sue directors, officers over CHESS

ELIZA BAVIN  |  WEDNESDAY, 12 AUG 2026
... Rosherville has proposed to bring an action in the Federal Court against the former directors and officers in relation to the CHESS project. "The proposed application is for leave to commence a Statutory Derivative Action under ss 236 and 237 of the ...

ASX chief financial officer retires

RIDDHIMA TALWANI  |  MONDAY, 27 JUL 2026
... admitted that it misled and exposed market participants to financial risk in an announcement related to the delivery of the CHESS replacement project in early 2022, despite realising the delay would occur as early as 21 December 2021. Last week, ASX ...

Special Feature: Beyond safekeeping

BRENDAN SWIFT  |  MONDAY, 27 JUL 2026
... and the digital frontier Australia remains one of the last major markets on T+2 settlement due to the ASX's botched CHESS replacement. The US, Canada, India and Mexico have already moved to T+1. "It's embarrassing," Reece Birtles, Head of Australian ...

SS&C axes jobs, shifts roles offshore

RIDDHIMA TALWANI  |  FRIDAY, 17 JUL 2026
... will not relent until the companies are held to account for treating Australian workers like "pawns in a fruitless global chess game".

ASX to pay $23m, admits misrepresentation over CHESS replacement

MATTHEW WAI  |  MONDAY, 15 JUN 2026
... admitted that it misled and exposed market participants to financial risk in an announcement related to the delivery of the CHESS replacement project in early 2022, despite realising the delay would occur as early as 21 December 2021. According to ASX's ...

ASX sees trade volumes soar in May

MATTHEW WAI  |  THURSDAY, 4 JUN 2026
... ASIC's legal proceedings which kicked off in August 2024 in relation to representations made regarding the previous CHESS replacement project in February 2022. Defending itself, the matter is proceeding to trial on June 15. Separately, the bourse ...

ASX tech spend drives capex to $200m

KARREN VERGARA  |  WEDNESDAY, 27 MAY 2026
... expenses. Much of this stems from technology cost inflation, and support and maintenance costs for new technology platforms for CHESS Release 1 and enterprise cloud, data and integration platforms. Several reform initiatives are also driving up expenses. ...
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