@2022 - All Right Reserved. Designed and Developed by PenciDesign

Our website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Bourse operator ASX takes action for trading software’s operational reliability

by Staff GBAF Publications Ltd
0 comment

Bourse operator ASX takes action for trading software’s operational reliability

(Reuters) – Australia’s bourse operator ASX Ltd said on Monday it had submitted a special report for its Clearing House Electronic Subregister System (CHESS) software to the country’s corporate regulator and the Reserve Bank of Australia.

The report outlines details about the operator’s arrangement to support and maintain CHESS to ensure it remained operational until a replacement is implemented.

In December, the Australia Securities and Investments Commission along with the central bank, ordered ASX to submit a report ensuring stability of its trading system after a failed attempt by the bourse operator to replace its ageing software. This was the first time it used its power against the market operator.

The platform has been in need of an upgrade after many incidents of glitches, including one in November 2020 when an issue in the new equities trading platform halted trading for 20 minutes on the day it went live.

The report includes 27 initiatives focused around availability, performance, and IT management, among others, with the intention to come up with solution designs by the last quarter of this year.

 

(Reporting by Navya Mittal in Bengaluru; Editing by Rashmi Aich)

 

Recent Post