Former ASX CEO Dominic Stevens loses bonus share rights over CHESS disaster
The reverberations from the market operator’s failed attempt to replace its clearing and settlement system continue to play out.
Source: afr.com
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ASX's CHESS disaster: Lessons for board in tech debacle
The ASX’s CHESS replacement disaster has cost shareholders $250 million, and market participants a similar amount.
Source: afr.com
ASX CHESS debacle raises questions about ASX monopoly
The collapse of the CHESS replacement project has raised questions about ASX’s capability to manage post-trade functions in the $2.5trn equity market.
Source: afr.com
ASX kills its blockchain project after Accenture report found it was plagued with uncertainties, will write off $250 million
An Accenture report has found the plan to replace the CHESS settlement and clearing system with a distributed ledger was too complex and plagued with uncertainties.
Source: afr.com
Five lessons from ASX's chess blockchain replacement disaster
Boards of ASX-listed companies should examine the multiple governance and operational failures inside the ASX relating to the $250 million CHESS software project.
Source: afr.com