The ASX will be forced to publish its post-trading fees benchmarked against international exchanges and ensure future competitors can access its clearing and settlement services as the corporate regulator exercises new powers handed to it by the federal government last year.
The Australian Securities and Investments Commission was handed the oversight powers after the failure of CHESS, as its ageing clearing and settlement system is known, in 2020. The market operator has been trying to replace CHESS since 2015, including with blockchain technology.
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