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Top related persons:
Helen Lofthouse - 2 David Gray - 1 Joe Longo - 1 Himanshi - 1 Chris Reese - 1 Diane Craft - 1 IPOs - 1
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Sydney Australia Australian Bengaluru
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Australian Securities Exchange - 2 REUTERS - 1 TATA Consultancy Services - 1 Australian Securities and Investments Commission - 1 Reserve Bank of Australia - 1 Accenture - 1 TCS - 1 Thomson - 1

Search resuls for: "Helen Lofthouse"


4 mentions found


☆ Australian bourse operator partners with TCS for long due trading software overhaul
  + stars: | 2023-11-19 | by ( Himanshi Akhand | ) www.reuters.com   time to read: +3 min
A board displaying stock prices is adorned with the Australian Securities Exchange (ASX) logo in central Sydney, Australia, February 13, 2018. REUTERS/David Gray/File Photo Acquire Licensing RightsNov 20 (Reuters) - Australian bourse operator ASX Ltd (ASX.AX) said on Monday it entered a deal with TATA Consultancy Services (TCS) <TCS.NS> to design and replace its trading, clearing and settlement system, after months of backlash since pulling a blockchain-based overhaul of the system last year. The estimated cost for the first release of the Clearing House Electronic Subregister System (CHESS) project is between A$105 million ($68.33 million) and A$125 million, to be incurred over multiple years, ASX said. ASX's initial attempt to overhaul CHESS earned rebuke from the Australian Securities and Investments Commission (ASIC) and Reserve Bank of Australia, with the regulators demanding more thorough reporting on plans to update the 30-year-old software. ($1 = 1.5366 Australian dollars)Reporting by Himanshi Akhand in Bengaluru Editing by Chris Reese and Diane CraftOur Standards: The Thomson Reuters Trust Principles.
Persons: David Gray, Joe Longo, Helen Lofthouse, Himanshi, Chris Reese, Diane Craft Organizations: Australian Securities Exchange, REUTERS, TATA Consultancy Services, Australian Securities and Investments Commission, Reserve Bank of Australia, Accenture, TCS, Thomson Locations: Sydney, Australia, Australian, Bengaluru
☆ It's been a challenging year for IPOs — globally and for us, ASX CEO says
  + stars: | 2023-08-17 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIt's been a challenging year for IPOs — globally and for us, ASX CEO saysHelen Lofthouse, CEO of the Australian Securities Exchange, says there were "no surprises" in its results.
Persons: IPOs, Helen Lofthouse Organizations: Australian Securities Exchange
☆ Australian stock exchange's blockchain failure burns market trust
  + stars: | 2022-12-20 | by ( Byron Kaye | ) www.reuters.com   time to read: +11 min
That 96% of that software is working," Hogben told a Stockbrokers and Investment Advisers Association conference, in footage seen by Reuters. More than a dozen brokers, other market participants and people directly involved in the blockchain project told Reuters the failure had shaken trust in the Australian exchange operator. After New York startup Digital Asset Holdings showed ASX executives a test transaction on its blockchain software, ASX in early 2016 signed the little-known company to begin exploratory work on an overhaul. From an initial plan to run about 12 of CHESS's 400 data transfers per transaction on blockchain, ASX decided the new system would include all 400 transfers, the person said. Its spokesperson told Reuters there was "no off-the-shelf solution available to meet the needs of the Australian market".
☆ Bourse operator ASX flags $172 mln hit from clearing software replacement halt
  + stars: | 2022-11-16 | by ( Simon Jessop | ) www.reuters.com   time to read: +1 min
Nov 17 (Reuters) - Australian bourse operator ASX Ltd (ASX.AX) said on Thursday it would take a pretax charge of up to A$255 million ($172 million) in the first half, as it derecognises the software being developed to replace its ageing clearing and settlement system. The replacement has been halted following a review of the project and independent findings that led ASX to conclude there were "significant technology, governance, and delivery" challenges. The software was intended to replace ASX's Clearing House Electronic Subregister System (CHESS) to improve functionality and efficiency, and adopt global standards, the bourse says on its website. All current activities on the replacement project have been paused as ASX revisits the solution design, the bourse said. It also appointed Tim Whiteley, a technology transformation executive, as the new project director for the next phase of the replacement project.
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