ASX’s clearing program must be a high priority
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