Australian bourse operator’s trading software will be designed by TCS.
To replace its trading, clearing, and settlement system, ASX Ltd., the operator of the Australian stock exchange, announced on Monday that it has teamed up with Tata Consultancy Services (TCS) to develop a product-based solution. The bourse operator said in a statement, “ASX considers that the chosen product will allow it to provide a reliable, supportable and scalable platform that meets the needs of the Australian market now and into the future.” The operator of the Australian stock exchange announced that it would roll out the new platform in two phases. The initial version will include the clearing service. Additionally,…