ASX Reviews CHESS Replacement Timeline as Coronavirus Bites

The exchange will consult on a new schedule in June, but industry testing of the platform is still on track for July.

timing delay

The Australian Securities Exchange (ASX) will rethink its CHESS replacement implementation timetable in light of uncertainties created by the coronavirus.

In a statement, the ASX said the new schedule will also allow market participants to focus on day-to-day operations.

In June, the exchange will seek user input on potentially moving the go-live date of the distributed ledger technology (DLT)-backed replacement of CHESS, its equities clearing and settlement platform.

“In light of recent

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