By Stuart Condie


SYDNEY--ASX Ltd. said it doesn't expect the replacement for its CHESS trade settlement system to be ready before late 2024.

The Australian share and derivatives market operator said on Wednesday that it will engage Accenture PLC to independently review the new application and identify any necessary actions for a firmer project timetable. ASX said it will publicly release the project findings.

ASX initially expected to have its blockchain-based CHESS replacement fully operating early in 2021. It said in May that it would not be ready for its revised April 2023 launch.


Write to Stuart Condie at stuart.condie@wsj.com


(END) Dow Jones Newswires

08-02-22 2025ET