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ASX ( (AU:ASX) ) has issued an update.
ASX Limited has confirmed that Release 1 of its upgraded CHESS system is live and ready to provide clearing services, with all approved market operators successfully connected before market open. The new platform is designed to be sustainable, secure and resilient, capable of handling significantly higher trading volumes amid recent market volatility.
Management said the cutover to the new clearing component marks a key milestone in ASX’s technology transformation and a reset, two‑stage approach to the CHESS Project that aims to reduce delivery risk and ease industry-wide change. Project costs for Release 1 are expected to remain around $125 million, while work on Release 2, covering settlement and sub‑register services and targeted for delivery by 2029, is progressing with an industry test environment already opened.
The most recent analyst rating on (AU:ASX) stock is a Hold with a A$58.85 price target. To see the full list of analyst forecasts on ASX stock, see the AU:ASX Stock Forecast page.
More about ASX
ASX Limited operates Australia’s primary securities exchange, providing trading, clearing and settlement services for equities and other financial instruments. The company focuses on maintaining resilient, scalable market infrastructure and is pursuing a technology modernisation strategy to support higher trading volumes and evolving stakeholder needs.
YTD Price Performance: 15.70%
Average Trading Volume: 798,697
Technical Sentiment Signal: Buy
Current Market Cap: A$11.41B
Learn more about ASX stock on TipRanks’ Stock Analysis page.