Press Release - TCS and Australian Securities Exchange (ASX) go-live with CHESS Release 1 for cash clearing & settlement

Tata Consultancy Services (TCS) announced the successful go-live of Release 1 of the Australian Securities Exchange's (ASX) CHESS system for cash clearing and settlement, marking a significant milestone in ASX's market infrastructure modernization. TCS implemented its BaNCS for Market Infrastructure and Quartz Gateway solutions to deliver a scalable, resilient, and cloud-hosted clearing solution supporting multiple asset classes and industry messaging standards. This partnership underscores TCS's role in advancing critical financial market infrastructure and sets the stage for the upcoming Release 2 targeted for 2029.