Chanticleer
ASX plays a low-risk game with new CHESS plan
The ASX has decided on not one but two big companies to deliver its new CHESS replacement system. It needs everything to go right.
How the pendulum has swung at ASX Limited.
Having blown up hundreds of millions of dollars on the pipedream of replacing the CHESS clearing and settlement system with a blockchain-based tech solution, the market operator has apparently found the very thing it previously said was impossible: an existing, off-the-shelf solution from a big tech provider.
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