Nov 20 (Reuters) - Australia's central bank voiced concerns
on Friday over recent issues with the stock exchange's trading
systems after nearly an entire session was lost earlier this
week and as investors faced a number of other operational
issues.
The payments system board of the Reserve Bank of Australia
(RBA) said it would be looking into whether there were
systematic underlying issues at those trading systems operated
by the ASX Ltd.
"The Board is concerned about the recent operational issues
affecting CHESS and ASX's trading systems," the RBA's payments
board said in a statement after a meeting on Friday.
The ASX is planning to do away with CHESS, the computer
system it uses to manage settlement of transactions, by 2023 and
the payments board emphasised the need for the replacement
system "as soon as this can safely be achieved by ASX and users
of CHESS."
The ASX did not immediately respond to a Reuters email for
comment.
Trading on the Australian stock market has been operating
normally since the outage on Monday that was caused by a
software issue with ASX's new equity market trading platform.
The outage, and subsequent issues with CHESS and Centre
Point, the ASX's mid-point trade matching system, forced
Australia's corporate regulator to also raise concerns this week
over the ASX infrastructure and said it would look at taking
further action over compliance with licence obligations.
(Reporting by Arpit Nayak and Nikhil Kurian Nainan in
Bengaluru; Editing by Jacqueline Wong)