SYDNEY, 16 JUNE 2026 | NOVA CMX, the leading capital markets operations automation platform, today announced it has achieved full accreditation on the new ASX CHESS platform, satisfying every functional and technical requirement set by the Australian Securities Exchange for software providers on the next-generation clearing and settlement infrastructure.

NOVA CMX is among the first post-trade platform to receive this certification – providing Australian stockbrokers, custodian banks and clearing participants with a certified platform as they prepare for the industry’s transition to the new CHESS environment.

ASX’s CHESS system has supported the clearing and settlement of Australian equities since 1994. Its replacement is one of the most significant market infrastructure modernisation programmes in Australian capital markets, with ASX moving to a phased implementation model. CHESS Release 1, covering clearing services, went live on 20 April 2026. Release 2, targeted for 2029, is expected to replace settlement and sub-register functionality, introduce ISO 20022 messaging interfaces, and deliver improved corporate actions functionality.

NOVA CMX has completed the relevant ASX CHESS accreditation requirements, including connectivity, functional workflow validation, non-functional testing, resilience testing, and operational readiness activities.

The accreditation covers NOVA CMX’s ASX CHESS connectivity, including support for the Release 1 clearing environment and readiness for the messaging framework that will underpin future CHESS releases.