CHESS mess: The ASX’s costly journey to modernisation
The Australian Securities Exchange (ASX:ASX) has unveiled a $445m budget for its revised attempt to replace the Clearing House Electronic Subregister System (CHESS), after its original blockchain-based project failed in 2022. The revamped system, set to be rolled out in two phases by 2029, will cost significantly more than the $250m lost on the initial […]
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