ASX Advises on Delay to CHESS Replacement03.28.2022
ASX is providing a CHESS replacement project update to CHESS users, software providers and other stakeholders. The update is available here.
The update includes important information about the timing of the next software release, which has resulted in delays to the current phase of the project schedule.
@ASX today provided a CHESS replacement project update.
It includes important info about the timing of the next software release. We'll engage with our software provider & stakeholders to assess the impact & will update the market on this process. See: https://t.co/EHhHcmEft3
— ASX 🏛 The heart of Australia's financial markets (@ASX) March 28, 2022
The update also advises stakeholders that ASX will be engaging with them to assess the flow-on impacts to project milestones, industry testing, operational readiness and implementation, migration dress rehearsals and the go-live date.
At this time, ASX advises that there is a strong likelihood of delay to the go-live date. We will engage with our software provider and stakeholders to assess the impact, and will update the market on this process.
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