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Top related persons:
David Gray - 1 Tim Whiteley - 1 Joe Longo - 1 Longo - 1 Byron Kaye - 1 Himanshi - 1 Edwina Gibbs - 1
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Australian Securities Exchange - 1 REUTERS - 1 Tata Consultancy Services - 1 New - 1 Australian Securities and Investments Commission - 1 Thomson - 1

Search resuls for: "Tim Whiteley"


3 mentions found


☆ Australian stock exchange picks India's TCS to rebuild software after earlier flop
  + stars: | 2023-11-19 | by ( Byron Kaye Himanshi Akhand | Byron Kaye | 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. That will, however, take time, with the overhaul now expected to finish in 2029, some 13 years after it began. It also prompted the Australian Securities and Investments Commission (ASIC) to open an investigation into the exchange's disclosures about the project. ASX said it expected the first stage of the new project, clearing software, to cost between A$105 million and A$125 million with delivery around 2026. The cost and timing of the settlement and other software will be decided in 2024.
Persons: David Gray, Tim Whiteley, Joe Longo, Longo, Byron Kaye, Himanshi, Edwina Gibbs Organizations: Australian Securities Exchange, REUTERS, Tata Consultancy Services, New, Australian Securities and Investments Commission, Thomson Locations: Sydney, Australia, India, Finland, Canada, New York, Bengaluru
☆ Australian stock exchange says software overhaul won't involve blockchain
  + stars: | 2023-05-19 | by ( Byron Kaye | ) www.reuters.com   time to read: +2 min
SYDNEY, May 19 (Reuters) - Australia's stock market operator said it will no longer attempt to rebuild its software platform with blockchain-based technology, one of the highest-profile repudiations of the once-feted concept best known for powering cryptocurrency. Until now, ASX has said it may resurrect the project using blockchain-based technology developed by New York-based contractor Digital Asset. Digital Asset, in which ASX bought a small stake after hiring it to rebuild its software in 2016, was not immediately available for comment. Whiteley told the meeting ASX was on track to decide a new strategy by year-end. Market participants had told ASX they did not want a risky, single-date changeover to new software, and "that feedback has been taken into the implementation planning", Whiteley said.
☆ 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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