Tuesday January 26 2016
News Source: Global Exchanges
Focus: Trading Systems and Technology
Type: General
Country: Australia
Link: http://www.asx.com.au/communications/notices/2016/0032.16.01.a.pdf
The Australian Securities Exchange has announced the following technology update releases for the following 6 to 12 months:
FUTURES (ASX24) MARKET:
The New Trading Platform project will deliver a replacement of ASX`s primary trading platforms ASX Trade and ASX Trade24. ASX has partnered with Cinnober who will customise their TRADExpress product to be used as the combined platform for both markets. ASX Trade24 will be the first phase.
The technical go live date will be 14th May 2016 followed by the business go live on 16th May 2016.
EQUITIES (ASX) MARKET:
This release of the New Trading Platform will deliver the ASX Trade equities platform replacement as an extension to the existing ASX Trade24 replacement offering a combined platform for both the ASX and ASX 24 markets.
The technical go live date will be 24th September 2016 followed by the business go live on 26th September 2016.
CLEARING AND SETTLEMENT SERVICES
The T+2 project will reduce the settlement cycle for Australian cash equities from T+3 to T+2, including an extension to the batch settlement cut off time to 11:30am (from 10:30am). The technical and business go live date will be 7th March 2016.
Click on the link above for further details.