Sydney, May 7, 2019 -- ASX has successfully opened the Customer Development Environment (CDE) for its new equities clearing and settlement system to replace CHESS, which is based on distributed ledger technology (DLT).
The first of seven ‘drops’ of software code was made available to customers on Tuesday 30 April. Additional functionality will be released at approximately eight-week intervals, culminating in full functionality in the CDE by mid-2020.
“Delivering the development environment for customers on schedule is a major step forward in ASX’s CHESS replacement journey”, said Cliff Richards, ASX’s Executive General Manager Equity Post-Trade Services. “We are proud of this achievement and very grateful for the support of our partner Digital Asset and our customers. While we believe distributed ledger technology offers exciting opportunities for the whole market to innovate, there is much still to do. We continue to work closely with our customers as we progress towards delivery of the new system."