Operational Performance of Cash Market Clearing and Settlement Services
| March 2025[1] Quarter | December 2024[2] Quarter | September 2024 Quarter | |
| System Availability (CHESS) | 100% | 100%[3] | 100% |
| System Availability (TAS) | 100% | 100% | 100% |
| Trade registration | |||
| Total Trades Accepted (ASX) | 32,525,197 | 106,689,415 | 74,820,635 |
| Total Trades Accepted (Cboe) | 10,906,361 | 37,632,263 | 26,865,298 |
| Total Trades Accepted (NSX) | 57 | 114 | 104 |
| Daily Average Trades across all AMOs | 2,068,172 | 2,255,028 | 2,259,690 |
| Highest Consecutive 2 Days Trade Registration across all AMOs | 5,003,796 | 5,337,133 | 6,042,187 |
| Clearing | |||
| Daily Average Traded Value (On and Off Market)* | $8.26 billion | $10.90 billion | $10.66 billion |
| Daily Average Cleared Value* | $6.24 billion | $8.42 billion | $8.22 billion |
| Percentage Novated* | 75.5% | 77.5% | 77.1% |
| Netting Efficiency (Value)* | 67.6% | 71.1% | 70.2% |
| Netting Efficiency (Volume)* | 98.9% | 99.0% | 99.0% |
| Daily Average Cleared Value Post-Netting | $2.02 billion | $2.44 billion | $2.44 billion |
| Settlement | |||
| Total Settlements (SSX) | 0 | 0 | 0 |
| Total Value of Settlements (SSX) | $0 | $0 | $0 |
| Batch Settlement | |||
| Daily Average Settled Value (including Non-Novated) | $9.24 billion | $13.29 billion | $12.88 billion |
| Settlement Efficiency (Value) | 99.94% | 99.95% | 99.93% |
| Average Daily CHESS Fail Rate (% Rescheduled to the next settlement date) | 0.100% | 0.133% | 0.093% |
| Average Value Based Fail Rate (% Rescheduled to the next settlement date) | 0.056% | 0.050% | 0.066% |
[1] As of 31 January 2025
[2] Data for the 20 December 2024 is not included in the calculations due to the CHESS Batch Settlement incident that required all obligations to be rescheduled
[3] ASX calculates system availability at the system level. The CHESS Batch Settlement incident on 20 December 2024 prevented the normal DvP Batch Settlement process from completing and all novated and non-novated instructions were rescheduled to 23 December 2024 at 19:30, completing at 19:43 representing an 8 hour, 13 minute interruption to the availability of the full suite of non-Batch settlement messages.
The CHESS system remained available throughout the incident and there was no interruption to Clearing in the form of Trade Registration
Commencing March 2022 quarter, Traded Volume now includes transactions (for all AMOS) with settlement status “I” (e.g. crossings, information)
* Data for the 20 December 2024 is not included in the calculations due to the cancellation of Batch Settlement and reschedule of all obligations.
Commencing March 2022 quarter, Traded Volume now includes transactions (for all AMOS) with settlement status “I” (e.g. crossings, information)
* Data for the 20 December 2024 is not included in the calculations due to the cancellation of Batch Settlement and reschedule of all obligations.
Commencing March 2022 quarter, Traded Volume now includes transactions (for all AMOS) with settlement status “I” (e.g. crossings, information)