Technology staff are the most affected by redundancies before ASX’s half-yearly earnings due on Friday, as it looks to reorganise after its CHESS disaster.
Australian stock exchange operator
ASX said it had hired Tata Consultancy Services
to overhaul its clearing and settlement software,
opting for a route that will take less customisation.
TCS's software is used by exchanges around the world including in Finland and Canada for functions it would be expected to perform for ASX's Clearing House Electronic Subregister System. Get more Companies News and Business News on Zee Business.