?? lots of likes about TAS so must be a good thing.....
yes, that is a great leap forward for nsx as they will no longer have to email the list of the days trades over to asx for nightly processing by asx.
currently the nsx trades of the day are basically delivered daily "by hand" so the asx can sort out the record keeping for nsx through the old chess back-door system. TAS will just make this daily event "automated" for nsx trades using the chess side-door.
NSX will still pay money to ASX for this service....... that is a voluntary choice that nsx make as they do not have to use ASX services for NSX record keeping (they choose to do that)...... just like the NSX choose to list on the ASX (and not list on the NSX).
TAS should have happened years ago for NSX (but they did not bother chasing the integration). NSX is now trying to get to where they should have been 10 years ago. Baby steps, but at least they have some future ideas now.
