The chat and collaboration platform will tap into the trade and client lifecycle management spaces, beginning with an identity management service.
ASX plans to release the CHESS replacement in 2021 and the hope is to cut into Swift settlements.
There were no major hiccups when the CAT was rolled-out to SROs on November 15 but it is still not ready for full industry implementation.
The testing will include 15 global banks and is aimed to end by the first quarter of 2019.
The tool automates the process of rolling out, configuring and updating enterprise-wide software platforms.