ASX Limited (AU:ASX) has released an update.
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ASX Limited has outlined its implementation plan for the second release of its CHESS project, targeting 2029 for the settlement and subregister services with costs estimated between $270 million and $320 million. The first release, focused on clearing services, is set for 2026, with costs up to $125 million. This phased approach aims to mitigate risks and ensure industry readiness, as ASX continues to modernize its critical market infrastructure.
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