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Showing 1 - 7 of 7 results for "CHESS Release"

ASX tech spend drives capex to $200m

KARREN VERGARA  |  WEDNESDAY, 27 MAY 2026
... 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. This includes ...

ASX names Lofthouse's successor

MATTHEW WAI  |  THURSDAY, 14 MAY 2026
... Electronic Sub register System (CHESS), as it looks to complete the replacement of the system by 2029 with Release 2. The CHESS Release 1 was effective in April. Despite Attia's global status, he shares some experience in the Asia Pacific region, currently ...

ASX declares CHESS clearing services ready

ELIZA BAVIN  |  TUESDAY, 21 APR 2026
ASX has confirmed CHESS Release 1 is ready for market open to provide clearing services. ASX is aiming to implement Release 2 of CHESS replacement in 2029. ASX said all approved market operators (AMO) advised they successfully connected to the new system ...

ASIC inquiry an 'inflection' point for ASX: Lofthouse

MATTHEW WAI  |  THURSDAY, 12 FEB 2026
... diversified business model. "We are making final preparations ahead of switching over to the new clearing platform with CHESS Release 1, which will use the new enterprise cloud and data platforms. We are working closely with our market participants on ...

ASX offloads interest in Digital Asset

MATTHEW WAI  |  FRIDAY, 13 JUN 2025
... governance and delivery challenges that must be addressed." More recently, the ASX has revealed the cost of the CHESS Release 2 could be up to $320 million - while Release 1 will cost about $105 million and $125 million. Speaking at the Investor Forum ...

ASX admits CHESS tech staff 'stretched'

ELIZA BAVIN  |  THURSDAY, 1 MAY 2025
... high workloads. The ASX said it would further review the current CHESS resourcing following the delivery of new CHESS Release 1. The new CHESS system will be implemented in two stages with Release 1 - the delivery of clearing services - targeted for ...

ASX says CHESS Release 2 costs to hit $320m

ELIZA BAVIN  |  TUESDAY, 26 NOV 2024
ASX shareholders have been warned that the CHESS Release 2 will cost between $270 million to $320 million. The second release has an implementation target of 2029 as the ASX continues to work towards the delivery of Release 1 by 2026. The ASX also warned ...
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