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Showing 21 - 30 of 35 results for "CHESS Replacement"

ASX CHESS replacement delayed again

JAMIE WILLIAMSON  |  WEDNESDAY, 11 MAY 2022
... After advising there was a chance there would be further delays back in March, the ASX has today confirmed the CHESS replacement will not be ready by April 2023. In an update, the ASX said the April 2023 go-live is no longer viable. "This decision reflects ...

ASIC considering more action on Sterling collapse

KARREN VERGARA  |  MONDAY, 14 FEB 2022
... Bank of Australia, the Council of Financial Regulators and ACCC, will continue to closely monitor the ASX's CHESS replacement program, particularly now the program is in key testing and readiness phases. The long-delayed transformation of the ASX's clearing ...

ASX chief steps down

KARREN VERGARA  |  FRIDAY, 11 FEB 2022
... with the transformation of critical systems, platforms and infrastructure complete or nearing completion". The CHESS replacement date was pushed back to April 2023 after experiencing several hurdles, such as failing to cope with trading volumes at the ...

ASIC enforces licence conditions on ASX

ANNABELLE DICKSON  |  WEDNESDAY, 24 NOV 2021
... Settlement involve appointing an independent expert to assess ASX's assurance program for the implementation of the CHESS replacement program and analysing whether it is fit for purpose. ASIC has also released a report into the outage that outlines its ...

ASX posts mixed results

ANNABELLE DICKSON  |  THURSDAY, 19 AUG 2021
... expense growth to moderate to between five and 7%. Capital expenditure was $109.8 million, reflecting the expanded CHESS replacement project and ASX's ongoing commitment to strengthen our foundations to build an exchange for the future," Stevens ...

ASX deputy chief executive resigns

KANIKA SOOD  |  WEDNESDAY, 26 MAY 2021
... April 2023. It had delayed the go-live twice in the past by a total of two years. The responsibility for the CHESS replacement project will shift to group executive Tim Hogben. "ASX has a long history of innovation in financial markets and it has been ...

ASX profits slide, names chair

ANNABELLE DICKSON  |  THURSDAY, 11 FEB 2021
... stakeholders that we continue to contemporise our technology," he said. Stevens also confirmed the go-live date for the CHESS replacement to April 2023 as the "scale, scope and testing program were increased". The board declared an interim dividend of ...

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 ...

ASX reviewing CHESS replacement feedback

ALLY SELBY  |  THURSDAY, 6 AUG 2020
... system, representing 92% of the 96 CHESS users. About 91% of these respondents can meet the go-live date for a CHESS replacement in April 2022, with only a few exceptions who have requested more information on particular issues. CHESS users are organisations ...

CHESS replacement delayed

HARRISON WORLEY  |  THURSDAY, 26 MAR 2020
... 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 April 2021, the CHESS replacement will now be delayed, with the new implementation ...