澳交所新任CEO阿蒂亚：力推股票结算缩短至T+1，不必等2029年系统升级
澳大利亚证券交易所（ASX）新任首席执行官安东尼·阿蒂亚（Anthony Attia）10月14日受访时表示，他希望加快现金股票交易结算向"一日结算"（T+1）过渡的步伐，使澳大利亚与美国以及计划在明年跟进的欧洲和香港交易所看齐。
澳交所曾在2024年考虑把结算周期从T+2改为T+1，但当时市场参与者认为应优先处理该所4.45亿澳元的技术改造，遂被搁置。此前澳交所经历了一系列系统中断、结算延误和其他故障，并因此受到监管机构的谴责和罚款。其清算结算系统CHESS的最终升级要到2029年才能完成，但阿蒂亚表示，更快的结算周期可以在那之前引入。
"我认为（再等下去）已经太晚了。我非常愿意与市场沟通，把这件事提前，"阿蒂亚在采访中说，并表示他计划开始与监管机构和市场参与者磋商。"我们今天没有理由再保留T+3或T+2。"美国实行T+1已有两年；伦敦和泛欧交易所计划明年10月切换；香港交易所则计划在2027年第四季度实施。澳大利亚的现金股票交易自2016年以来一直通过CHESS以两日为周期结算。
阿蒂亚上任仅六周。加快结算是他提升澳交所竞争力、修复其声誉的一系列举措之一。"澳交所要成为一流的竞争性交易所，还有很多工作要做，"他说。这位法国交易所高管在泛欧市场运营商Euronext工作了近三十年，后接替前首席执行官海伦·洛夫特豪斯（Helen Lofthouse）执掌澳交所。澳交所股价在截至6月30日的财年内下跌了23.6%。一项为期九个月的监管调查曾发现，澳交所优先考虑股东回报、未能充分投资于基础设施，"损害了澳大利亚金融市场的成功"。
New ASX Boss Attia Wants to Accelerate Move to One-Day Settlement in Australia
New ASX CEO Anthony Attia said on Wednesday, October 14, that he wants to expedite the transition to one-day cash equity trading settlement (T+1), bringing Australia in line with the United States as well as European and Hong Kong exchanges, which plan the move next year.
ASX considered shifting to trading-plus-one-day from T+2 in 2024 but shelved the idea after market participants said it was more important to focus on its A$445 million (US$311.54 million) technology overhaul, following a series of outages, settlement delays and other glitches that led to a reprimand and a regulatory fine. The final upgrade of the clearing and settlement system, known as CHESS, is not due to be finished until 2029, but Attia said a faster settlement period could be introduced beforehand.
"I think it's too late. So I'm very willing to engage with the market to bring that forward," Attia said in an interview on Wednesday, adding he plans to start consulting with regulators and market participants. "We don't have any reason to keep T+3 or T+2 today." The US has had T+1 for two years; the London and Euronext exchanges plan to switch in October next year, and the Hong Kong Stock Exchange plans the move in the fourth quarter of 2027. Australia's cash equity trades have settled on a two-day basis in CHESS since 2016.
Faster settlement is just one of the initiatives Attia, only six weeks into the role, has in mind to increase ASX's competitiveness and restore its reputation. "The ASX has a lot of work to do to become a best-in-class competing exchange," Attia said. The French exchange executive spent nearly three decades at pan-European market operator Euronext before replacing former CEO Helen Lofthouse. He took the job following one of ASX's most challenging periods, marked by intense scrutiny from regulators and investors stemming from CHESS upgrade delays and cost blowouts as well as outages. ASX's share price closed the financial year ended June 30 down 23.6%. A nine-month regulatory investigation found ASX had prioritised shareholder returns and failed to invest adequately in infrastructure, which "compromised the success of Australia's financial markets."
图片来源：图：澳交所（ASX）位于悉尼马丁广场39号的办公大楼。摄影：Klauskazamias，CC0 授权，来源：Wikimedia Commons
