Report
Published 1 May 2023

Corporate actions in Australia - transformation: report

How Australian firms are strengthening the case for corporate actions transformation.

Corporate actions in Australia - transformation: report

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Corporate actions transformation in Australia is becoming easier to justify as automation improves STP, reduces manual processing and strengthens the economic case for change. This report examines where firms are seeing measurable gains and why post-trade automation is moving higher on the agenda.

Data sourcing burden

Operations
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Firms moving to a consistent, market-wide standard are seeing major reductions in manual processing without rebuilding from scratch.

A market-wide data standard would reduce this burden without requiring firms to rebuild their operating model.

Manual data reliance

Risk
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Once a critical mass of firms commits to transformation, investment becomes easier to justify — and harder to defer.

Reliance on manual inputs creates downstream risk that compounds as event volumes rise.

Dividend delivery lag

Operations
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For most APAC firms, error costs now exceed USD 2 million per year — enough to justify significant investment in prevention.

Even routine event types absorb processing time that a more automated model would remove.

The case for corporate actions transformation in Australia is shifting from theory to evidence. As firms adopt more standardised data and automation models, improvements in Straight-Through Processing (STP), error reduction and operational control are making investment decisions easier to support. 

What is now making the case for corporate actions automation more compelling in Australia? How are firms linking standardisation and post-trade investment more directly to efficiency and risk reduction?

The report examines how market participants are building the business case for transformation through better data sourcing, stronger automation outcomes and clearer operational economics. It looks at STP improvement, strategic investment priorities and the cost of errors still affecting firms across Asia-Pacific.

The research highlights:

  • Firms using the Australian Securities Exchange (ASX) Real Time Corporate Actions feed have seen at least an 80% increase in straight-through processing

  • Automation became a strategic priority for most firms in 2022, making corporate actions investment easier to justify

  • 48% plan to revise data sourcing: nearly half the market expects to revisit Australian data sourcing models over the next three years

  • Most Asia-Pacific (APAC) participants report yearly error costs above USD 2 million

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