Finance
LSEG to help upgrade Australian bourse operator ASX's derivatives trading platform
Published by Global Banking & Finance Review®
Posted on March 4, 2026
2 min readLast updated: March 4, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on March 4, 2026
2 min readLast updated: March 4, 2026
LSEG will supply ASX’s ASX 24 derivatives platform with a high‑performance, low‑latency trading system to support product expansion and innovation amid ASX’s broader tech infrastructure overhaul.
By Roshan Thomas and Nikita Maria Jino
March 4 (Reuters) - The London Stock Exchange Group said on Wednesday that it would help upgrade Australian exchange operator ASX's derivatives market trading platform as part of a partnership deal.
Under the deal, LSEG will provide a high-performance, low-latency system for ASX 24, which offers trading in Australian and New Zealand equity, commodity and interest rate derivatives, including futures and options.
The upgrade would enable the Australian exchange operator to expand ASX 24's product offerings and respond to increasing sophistication in global derivatives trading, LSEG said.
ASX's ageing settlement systems have been blamed for several trading outages, and the bourse operator has drawn criticism from the Australian Securities and Investments Commission and the Reserve Bank of Australia.
A new clearing system will run on more advanced technology, replacing the three-decade-old Clearing House Electronic Subregister System (CHESS).
"With the CHESS failure still casting a long shadow and regulatory scrutiny ongoing, confidence won't be restored by announcements alone," said Marc Jocum, senior product and investment strategist at Global X ETFs.
"With a target go-live of first half of 2028, the market will be monitoring every milestone across the 2026 and 2027 design, testing and migration timeline closely."
Reuters is a news provider for LSEG's Workspace terminal and other products.
(Reporting by Roshan Thomas and Prerna Bedi in Bengaluru; Editing by Anil D'Silva)
LSEG is partnering with ASX to upgrade its derivatives trading platform with a high-performance, low-latency system.
The upgrade will focus on ASX 24, which offers trading in equity, commodity, and interest rate derivatives.
The upgraded platform will allow ASX to expand product offerings, support innovation, and meet evolving customer needs.
ASX is overhauling its trading systems to address ageing settlement systems that have caused several outages.
Farid Sammur, ASX's head of markets technology, stated the upgrade is a critical investment in the market's long-term strength.
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