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ASX has addressed the matters raised by ASIC in relation to the support and maintenance of CHESS. The work undertaken by ASX supports the outcomes documented in the special report. ASX has conducted sufficient governance arrangements for the production of the special report.
“ASX continues to invest in the existing CHESS system, and has already significantly strengthened its capacity, speed and resilience to cater for the increased trading activity in recent years.
To support these changes, ASX in consultation with regulators and participants active in the underlying market, developed the BBSW Trade and Trade Reporting Guidelines (BBSW Guidelines) in response to a number of factors:
ASX Benchmarks, as Benchmark Administrator, has primary oversight of the Benchmark determination and dissemination process. This includes the accurate and timely calculation, publication and distribution of BBSW. 2.0 Core Elements of …