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ASX further delays launch of its blockchain settlement system — this time by one more year
The Australian Securities Exchange (ASX) has further delayed the rollout of its blockchain settlement system — this time by one more year. ASX is now targeting the launch date of April 2022, subject to user feedback. The exchange is conducting a month-long consultation with users of its existing CHESS (clearing house electronic subregister system) system to determine whether they are able to meet the revised timetable. CHESS is over 25 years old. ASX deputy CEO Peter Hiom said the new CHESS system will deliver “existing services, new and enhanced functionality, high availability, reliability and performance, and ... (full story)