ASX increases oversight of CHESS Replacement following damning ASIC report on outage
ASIC looks to mitigate risks of future ASX tech upgrades by imposing additional licence conditions on three licences held by the equities exchange.
Tag: ASX
ASX says its DLT-as-a-Service platform is now production-ready
Exchange says 20 firms already exploring Synfini which uses the same technology as ASX’s flagship CHESS replacement but is offered as a cloud service.
ASX says DLT project on-track for 2023 as exchange gets ticking off over clearing and settlement issues
Reserve Bank of Australia points out that ASX had only “partly observed” operational risk standards across its clearing and settlement platforms, in a review of the exchange.
ASX trading system was not ready to go live, concludes IBM outage review
IBM review of a market outage at ASX in November has suggested the system was not ready to go live and did not have the appropriate governance.
Deputy CEO of ASX who spearheaded exchange’s blockchain project departs
Departing deputy CEO leaves ASX to pursue interests in FinTech and blockchain technology.
Trading Venues
Blackout 2020
Major markets globally have suffered outages in 2020. Hayley McDowell considers whether exchanges should be doing more to ensure markets operate efficiently and without disruption.
Nasdaq software failure causes market blackout at ASX
ASX said the market would remain closed until 17 November following an issue with Nasdaq software that created inaccurate market data.
ASX post-trade system replacement delayed to 2023 in latest setback
The latest delay will push the DLT post-trade project at ASX back to April 2023, as the exchange again cites COVID-19 as a cause.
ASX data science platform available to third parties
The ASX DataSphere platform can be deployed for collaboration, commercialisation or as a data-as-a-service solution.
Majority of banks and brokers will be ready for ASX blockchain-based post-trade system in 2022, says exchange
A recent consultation by the ASX on the CHESS replacement timetable, showed around 91% of CHESS users said they will be able to meet the revised go-live date.