SIAA congratulates ASX on the successful implementation of Release 1 of CHESS replacement.
‘’The successful replacement of the CHESS clearing component over the weekend is an important milestone in the modernisation of critical market infrastructure,” said the CEO for Stockbrokers and Investment Advisers Association (SIAA), Maria Lykouras. ‘’SIAA and its members have been working closely with ASX on this project for some time.’’
Following on from the announcement of CHESS Release 1 Go-Live, ASX reported that on Monday 20 April the Clearing Service successfully processed in excess of 3.5 million trades with overnight processes being completed as planned.
‘’We look forward to continuing our work with ASX to implement Release 2 of CHESS replacement in 2029,’’ Mrs Lykouras concluded.
Contact:
Maria Lykouras, CEO
0467 773 218