Chanticleer
ASX’s make-or-break tech project
The $250 million replacement of the ASX clearing and settlement system is due to complete the bulk of its testing this year before going live in April 2023.
This year is make or break for the country’s highest-profile corporate technology project, which is being implemented by the equity market operator, the ASX.
At a cost of at least $250 million, the ASX is replacing a 26-year-old clearing and settlement system called CHESS with a blockchain-based distributed ledger technology that could become the platform for a “financial supermarket”.
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