Tata Consultancy Services Limited (TCS) — Announcement Announcement

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📢 Key Event
TCS and ASX go-live with CHESS Release 1 for cash clearing & settlement

🔮 What's Next
Release 2 of the CHESS Replacement Project targeted for 2029

💡 Investor Takeaway
This partnership strengthens TCS's position in global financial infrastructure and signals long-term growth potential in high-value market modernization projects.

TCS announced a press release detailing its role in deploying CHESS Release 1 for the Australian Securities Exchange (ASX), marking a milestone in modernizing Australia's financial market infrastructure. The partnership leverages TCS BaNCS and Quartz solutions to deliver a scalable, resilient cloud-based clearing system capable of processing over 20 million trades daily. This collaboration supports ASX's two-phase CHESS Replacement Project, with Release 2 targeted for 2029, positioning TCS as a strategic technology partner in global financial infrastructure modernization.

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About Tata Consultancy Services Limited (TCS)

Information Technology · IT - Software · Listed on NSE

Market Cap: ₹8,19,135.01 Cr P/E: 17.2 ROE: 50.4% ROCE: 67.6%

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

Tata Consultancy Services Limited (TCS) — Announcement Announcement

About Tata Consultancy Services Limited (TCS)

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