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Operational performance of Cash Market Clearing and Settlement Services

Operational performance of Cash Market Clearing and Settlement Services

 September 2026 Quarter [1]June 2026 QuarterMarch 2026 Quarter
System availability (CHESS)100%100%100%
System availability (TAS)100%100%100%
Trade registration
Total trades accepted (ASX)130,852,452189,522,158 185,166,040
Total trades accepted (TMX)40,622,26957,812,544 57,953,999 
Total trades accepted (NSX)4010586
Total trades accepted (SSX)000
Daily average trades across all AMOs3,897,1543,989,271 3,921,292 
Highest daily trade registration across all AMOs5,051,814 4,903,746 5,660,609 
Highest consecutive 2 days trade registration across all AMOs9,638,0669,573,649 10,118,485 
Clearing
Daily average traded value (on and off market)$10.52 billion$11.71 billion$11.67 billion
Daily average cleared value$7.73 billion$8.43 billion$8.62 billion
Percentage novated73.54%72.13%74.04%
Netting efficiency (value)70.69%70.77%70.38%
Netting efficiency (volume)99.37%99.36%99.31%
Daily average cleared value post-netting$3.15 billion$3.40 billion$3.53 billion
Batch settlement
Daily average settled value (including non-novated)$16.63 billion$18.75 billion$18.17 billion
Settlement efficiency (value)99.92%99.90%99.90%
Average daily CHESS fail rate (% rescheduled to the next settlement date)0.11%0.12%0.15%
Average value based fail rate (% rescheduled to the next settlement date)0.08%0.10%0.08%

As of March 2022 quarter, Traded Volume includes transactions (for all AMOs) with settlement status “I” (e.g. crossings, informational)
[1] As at Monday 31 August 2026

Line chart showing netting efficiency measures over time, with two data series representing value and volume
Line chart showing settlement efficiency over time, with periodic fluctuations throughout the reporting period
Line chart showing percentage values over time with minor fluctuations across the reporting period

As of March 2022 quarter, traded volume includes transactions (for all AMOs) with settlement status “I” (e.g. crossings, informational)