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ClearStar Program

The ClearStar Program is a portfolio of projects established to modernise the technology and processes underpinning ASX’s OTC Derivatives and Futures Clearing services.

The ClearStar Program provides the governance and oversight of two current projects.

  1. ETD TradeAccept Replacement Project: The off-market trade capture platform, TradeAccept, will be replaced by a modernised, participant co-designed solution.
  2. ETD Futures Clearing Replacement Project: Replacement of the futures clearing platform. 

Additional projects will include Pricing, Collateral and ETOs. The first of the ClearStar projects, the OTC Clearing Project (Calypso Upgrade) from v13 to v18 was delivered on 26 May 2025. The upgrade represented a like-for-like change in terms of stakeholder interaction with services.

 

Objectives

Stable foundations

Stable foundations
Stable CCP operation with simplified, modern technology

  • Buy-down significant risks to critical technology
  • Buy-down technology debt to reduce cost of change
  • Meet regulatory obligations
Customer experience

Sustainable growth
Establish a platform for sustainable shareholder value

  • Uplift delivery capability to reduce risk and cost
  • Increase transparency for regulators and participants
  • Increase capital efficiency for technology investments
Sustainable growth

Customer experience
Work effectively with our customers
 

  • Improve customer experience 
  • Remove manual process-related costs and defects
  • Drive increased standardisation to enable growth

Projects

ClearStar Program Committee

The ClearStar Program Committee acts as a stakeholder forum for consultation and input on projects to replace and transform the systems and technology that underpin ASX derivatives clearing services (ClearStar Program).

Roadmap

The following is an indicative roadmap subject to consultation, inputs and further planning.

Note: ASX delivery includes architecture / design, build, integration, data, cloud, vendor and test activities.

ASX ClearStar Program roadmap