ASX today confirmed it is progressing with the targeted delivery of the first phase of the CHESS replacement project in 2026, as previously announced in November 2023.
This comes as ASX today released its response to feedback received on the proposed two stage approach to implementation and the scope and design for delivery of clearing services.
CHESS is the clearing and settlement system for Australia’s securities market, and this consultation paper follows an extensive reassessment by ASX of the solution design for a replacement of CHESS that would serve the whole market. In November 2023 ASX announced it would proceed with a product based solution design for CHESS replacement that would be delivered by global technology provider TATA…
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