ASX chief executive Helen Lofthouse told stockbrokers the exchange will prioritise the safe implementation of its second attempt to replace CHESS over speed in getting the resuscitated project up and running.
The market operator has received responses to its tender from global settlement and clearing technology providers vying to build the revised system.
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James Eyers writes on banking, payments and fintech. He is a former legal and investment banking editor at the AFR, has degrees in commerce and law from UNSW, and is co-author of Buy now, pay later: The extraordinary story of Afterpay Connect with James on Twitter. Email James at jeyers@afr.com.au
