ASX’s clearing program must be a high priority

DAVID FERRALL

THE AUSTRALIA

4:01PM FEBRUARY 22, 2023

The announcement from the ASX last Thursday will do little to comfort many stakeholders and regulators in the long-running CHESS replacement saga.

When CHESS was launched, it was world-leading, and assisted Australia to attract an outsized share of global investment. But after nearly three decades, it is dated compared to the technologies our global peers are implementing.

As I stated in December, we need to embrace world-leading technology to remain world beaters, for the sake of our industry, investment and all consumers who will end up footing the bill

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