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Showing 1 - 10 of 58 results for "CHESS Replacement"

ASX chief financial officer retires

RIDDHIMA TALWANI  |  MONDAY, 27 JUL 2026
... 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 said it is looking ...

Special Feature: Beyond Safekeeping

BRENDAN SWIFT  |  MONDAY, 27 JUL 2026
... 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 ...

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

MATTHEW WAI  |  MONDAY, 15 JUN 2026
... 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 announcement ...

ASX sees trade volumes soar in May

MATTHEW WAI  |  THURSDAY, 4 JUN 2026
... 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 also appointed ...

SIAA focuses mission on building prosperity for investors

KARREN VERGARA  |  TUESDAY, 19 MAY 2026
... pipeline of professionals, prevented increases to wholesale investor thresholds and engaged closely with ASX on its CHESS replacement project. "We're going to be proactive in our positions to lead government, regulatory, and market change where it's ...

ASX announces interim chief executive

VINNY VUCAGO  |  THURSDAY, 30 APR 2026
... Lofthouse's first calls as chief executive, when she took the top job in August 2022, was to dump that initial CHESS replacement project and start over. However, throughout her tenure the ASX has also suffered several outages, most recently in December ...

ASX declares CHESS clearing services ready

ELIZA BAVIN  |  TUESDAY, 21 APR 2026
... 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 ahead of market ...

Helen Lofthouse to exit ASX in May

JAMIE WILLIAMSON  |  WEDNESDAY, 11 FEB 2026
... statements related to the project. One of Lofthouse's first calls as chief executive was to dump that initial CHESS replacement project and start over. However, throughout her tenure the ASX has also suffered several outages, most recently in December ...

AI, operational failures key regulatory risks for ASIC in 2026

RIDDHIMA TALWANI  |  TUESDAY, 27 JAN 2026
... First Guardian matters. Poor insurance claims handling, significant outage resulting from the implementation of CHESS replacement, poor quality financial reporting and increased risk appetite in the banking sector are also on its radar in 2026.

Former staffer sues ASX, Lofthouse over bullying

ELIZA BAVIN  |  TUESDAY, 16 SEP 2025
... Halstead has also alleged the ASX failed to provide adequate resources for major projects, including the embattled CHESS replacement, and failed to listen to warnings over market outages. According to the concise statement filed in the Federal Court ...
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