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Australia Exchange Says Unable to Resolve Settlement Issue


(Bloomberg)– ASXLtd stated it’s incapable to fix problems connected to the negotiation procedure after examination right into the trouble that triggered a hold-up for some clients Friday mid-day.

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Settlements set up for Friday will certainly require to be postponed till Monday,Dec 23, the exchange stated in a declaration.

The solution will certainly not begin past its typical closing time, according to the ASX declaration. The modified closing time will certainly be verified, it stated, as the company remains to check out the problem delaying set negotiation on its Clearing House Electronic Subregister System, referred to as Chess.

The Chess system has actually been under examination this year in the middle of worries over the progression and hold-ups of a modern technology upgrade.

(Updates throughout)

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