Australian stock exchange targets 2029 for Phase 2 of trading software overhaul

Bianca Popa

:Australian bourse operator ASX said on Tuesday it aimed to implement the second phase of its clearing and settlement software overhaul by 2029, with projected costs ranging between A$270 million ($175.61 million) and A$320 million. ASX added that it was working towards the delivery of the first release - the clearing service - in 2026, with costs currently expected to be at the upper end of the previously estimated A$105 million to A$125 million range. The company's shares fell as much as 4

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