(Reuters) -Australian stock exchange operator ASX said it had hired Tata Consultancy Services (TCS) to overhaul its clearing and settlement software, opting for a route that will take less customisation after ditching a much-criticised blockchain-based effort. It also represents a more cautious approach: ASX will switch to the new software in stages, rather than the "big bang" changeover that its users considered risky. India-listed TCS's software is used by exchanges around the world including in Finland and Canada for functions it would be expected to perform for ASX's Clearing House Electronic Subregister System, or CHESS, the Australian exchange said on Monday.
Key Insights Institutions' substantial holdings in ASX implies that they have significant influence over the company's...
SYDNEY, October 04, 2023--Sims Limited released its FY23 Sustainability Reporting Suite, showing progress of its three sustainability pillars.