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𝗡𝗲𝘄𝘀 𝗦𝘂𝗺𝗺𝗮𝗿𝘆

• ASX Ltd. has entered a deal with Tata Consultancy Services to design and replace its trading, clearing, and settlement system.

• The estimated cost for the first release of the Clearing House Electronic Subregister System (CHESS) project is between A$105 million and A$125 million.

• The estimated time frame for implementation of the first release is 2026, and for the second release is 2028 or 2029.

https://www.moneycontrol.com/news/business/markets/austra...

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