What caused ASX's CHESS replacement to fail?

Governance failures at the top — poor risk oversight, siloed teams, and ignored warnings led to massive delays and overspend.

Will ASX's new system actually work this time?

Maybe, with mandated independent reviews and clawbacks, but history suggests skepticism until live trades prove it.

Short-term jitters, long-term push for resilient markets — but your super fund's returns hinge on ASX getting its act together.

🤖 AI in Finance

Australia's market operator ASX just got roasted by regulators. The tech upgrade fiasco? Pure governance meltdown.

Fintech Pulse Apr 02, 2026 4 min read 40 views

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Former ML engineer turned writer. Covers computer vision and robotics with a practitioner perspective.

#ASIC inquiry #ASX CHESS #exchange technology failure #financial governance

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Originally reported by Finextra