Case Study: Australian Securities Exchange (ASX) modernizes its exchange and boosts operational resilience with TIBCO Software

ASX Modernizes the Securities Exchange

ASX, the Australian Securities Exchange, is a unified market operator that runs clearing, derivatives and cash‑equities under one roof and processes massive, high‑value data flows. Facing aging legacy infrastructure that constrained interoperability, security and new product offerings, ASX needed a technology renewal to maintain availability, regulatory compliance and operational resilience.

Through Project Hubble ASX consolidated its data architecture and modernized core systems with microservices, containers and Apache Kafka supported by TIBCO, and launched DataSphere—a data‑as‑a‑service platform and new revenue stream. The transformation delivered measurable resilience and performance gains: TIBCO solutions have run with no unscheduled downtime for 20+ years, ASX processes ~100 million messages per day, customer‑facing incidents fell ~78% from 2016 levels, customer‑impacting incidents dropped ~30% even as change velocity rose, and outages are at their lowest since 2006.

Australian Securities Exchange (ASX)

Dan Chesterman

Chief Information Officer