Trading on the Australian stock exchange is conducted on the CHESS system.

Name: Trading on the Australian stock exchange is conducted on the CHESS system.
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Question

Quizplus · Accepted Answer

The answer is false.While the CHESS (Clearing House Electronic Sub-register system)system helps facilitate settlement,the actual trading of securities takes place on the CLICK XT platform which replaced SEATS (Stock Exchange Automated Trading System)system after the merger of the ASX and the Sydney Futures Exchange SFE in 2006.

Trading on the Australian Stock Exchange Is Conducted on the CHESS