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Search ResultsShowing 1 - 10 of 60 results for "CHESS"
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
... custodians. "It's a single structure that holds all of the assets pooled, but we're holding it through a HIN on CHESS, so you get all of the security that CHESS brings and then we use our platform to run the individual accounts," Winters told ...
RBA, ASIC provide CHESS guidance
ALLY SELBY  |  FRIDAY, 2 OCT 2020
... 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 and safe ...
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" ...
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 ...
BetaShares to list hedged versions of global stocks ETFs
KANIKA SOOD  |  WEDNESDAY, 10 JUN 2020
BetaShares today listed a currency-hedged version of its Global Quality Leaders ETF and will launch similar versions of two other ETFs in the coming weeks, as local investors' appetite for currency hedging grows. The BetaShares Global Quality Leaders ...
CHESS replacement delayed
HARRISON WORLEY  |  THURSDAY, 26 MAR 2020
The Australian Stock Exchange has been forced to delay the replacement of its CHESS system. The impact of COVID-19 is continuing to spread, with the outbreak now forcing the delay of the ASX's CHESS replacement system. Originally slated to go-live from ...
More engagement with custodians needed: Report
ELIZA BAVIN  |  TUESDAY, 11 FEB 2020
... change, client access to new markets and ways of investing, plus keeping up with necessary market infrastructure like the ASX CHESS Replacement make for a dynamic landscape," Brown said. The paper said the key industry trends include the rise of larger ...
VanEck restructures three ETFs
KANIKA SOOD  |  MONDAY, 2 SEP 2019
... bring their funds to the ASX. The company is restructuring the cross-listed funds to change their domicile to Australia. The chess depository interests (CDIs) through which the cross-listed funds have been hitherto accessed will stop trading on the ASX ...
What will super funds get from the ASX CHESS replacement?
KANIKA SOOD  |  THURSDAY, 2 MAY 2019
... funds' total costs of $22 billion would mean an annual cost benefit of $220 million. The ASX is replacing its legacy CHESS system, which has been in place since 1994, with a blockchain-based solution developed in collaboration with New York company ...
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