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ASX Overhauls Solution Design to Modernize CHESS Replacement

ASX Overhauls Solution Design to Modernize CHESS Replacement

project delivery in the role of solution integrator. Accenture will provide additional capability and capacity in technology project delivery and industry expertise.

The Australian Securities Exchange (ASX) has made significant progress in reassessing the solution design to replace CHESS, partnering with global technology provider TATA Consultancy Services (TCS) to deliver the TCS BaNCS for Market Infrastructure product. This marks a crucial step towards modernizing and improving the efficiency of asset servicing technology.

Moving on, we can delve into the details of the reassessment, implementation plans, and stakeholder consultation, and highlight the significance of the new platform in the context of the environment and sustainability. We can also address the expected timeframe for implementation and the estimated cost, providing a comprehensive analysis of the project’s impact and potential benefits for the environment.

For a captivating conclusion, we can emphasize the importance of ASX’s commitment to maintaining the current CHESS platform until the replacement is implemented, ensuring operational efficiency and reliability. We can also underscore the potential for the new platform to facilitate future innovation driven by market demand, aligning with the principles of environmental sustainability and technological advancement.

This approach will not only provide valuable insights for our audience but also align with the mission of EcoReporter to promote environmental awareness and sustainable practices in the context of technological advancements and industry developments.

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Akash Osta