{"id":112931,"date":"2025-03-03T00:17:25","date_gmt":"2025-03-03T00:17:25","guid":{"rendered":"https:\/\/arielle.com.au\/?p=112931"},"modified":"2026-02-05T09:18:23","modified_gmt":"2026-02-05T09:18:23","slug":"what-is-chess-sponsorship","status":"publish","type":"post","link":"https:\/\/arielle.com.au\/what-is-chess-sponsorship\/","title":{"rendered":"What Is CHESS Sponsorship?"},"content":{"rendered":"<span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading Time: <\/span> <span class=\"rt-time\"> 6<\/span> <span class=\"rt-label rt-postfix\">minutes<\/span><\/span>\n<p>That old chestnut among Aussie investors \u2014 should you use a CHESS sponsored broker or opt for one with a custodial model? <\/p>\n\n\n\n<p>It\u2019s often a heated debate in online investing forums, but you can\u2019t really make an informed decision if you\u2019re unclear about \u2018what exactly is CHESS sponsorship?\u2019<\/p>\n\n\n\n<p><strong>(Related: <a href=\"https:\/\/arielle.com.au\/best-share-trading-platform-australia\/\">14 Best Share Trading Platforms In Australia<\/a>).<\/strong><\/p>\n\n\n\n<div style=\"height:40px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>CHESS: What Does It Mean?<\/strong><\/h2>\n\n\n\n<p>CHESS is an acronym that stands for Clearing House Electronic Subregister System \u2014 it\u2019s the system the Australian Securities Exchange (ASX) uses to do two very important things:<\/p>\n\n\n\n<div class=\"arrow-wrapper\"><div class=\"arrow-list\"><ul><li><strong>Record<\/strong> who holds what shares; and<\/li><li><strong>Manage<\/strong> the settlement of share transactions.<\/li><\/ul><\/div><\/div>\n\n\n\n<p>Despite the somewhat confusing terminology, \u2018CHESS sponsored\u2019 essentially means your broker \u2018sponsors\u2019 your use of CHESS. <\/p>\n\n\n\n<p>The broker provides you with your own unique identifier in the system, and grants you direct legal ownership of any Australian shares you\u2019ve purchased.<\/p>\n\n\n\n<div class=\"indent-wrapper\"><div class=\"indented-text\"><span><em>Being the direct owner of shares comes with certain benefits that aren\u2019t available with brokers offering a custodial model \u2014 I\u2019ll cover these perks later.<\/em><\/span><\/div><\/div>\n\n\n\n<div class=\"wp-block-create-block-tip-block tip-wrapper\"><div class=\"row\"><div class=\"col-md-12\"><div class=\"card-wrapper\"><div class=\"card-title\"><div class=\"icon\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"20\" height=\"20\" viewBox=\"0 0 20 20\" fill=\"none\"><path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M7.5 14.33a5 5 0 1 1 5 0v4.17h-5v-4.17Zm4.25-1.3-.75.44V17H9v-3.53l-.75-.44a3.5 3.5 0 1 1 3.5 0Z\" fill=\"#656E83\"><\/path><path d=\"M9.25 1v2h1.5V1h-1.5ZM5.53 4.47l-1.5-1.5-1.06 1.06 1.5 1.5 1.06-1.06ZM15.53 5.53l1.5-1.5-1.06-1.06-1.5 1.5 1.06 1.06ZM1 10.75h2v-1.5H1v1.5ZM17 10.75h2v-1.5h-2v1.5Z\" fill=\"#656E83\"><\/path><\/svg><\/div><h3 placeholder=\"Tip Title Goes Here\"><strong>Did you know?<\/strong><\/h3><\/div><div class=\"card-content\"><p placeholder=\"Tip Content Goes Here\">The CHESS system is unique to Australia. Very few other countries around the world have comparable systems, with custodial models being the norm globally.<\/p><\/div><\/div><\/div><\/div><\/div>\n\n\n\n<p>The system is owned and operated by ASX Settlement Pty. Limited (ASX Settlement), which is a wholly owned subsidiary of the ASX. <\/p>\n\n\n\n<p>Several securities exchanges in Australia use CHESS, including the ASX, CBOE Australia and the National Stock Exchange (NSE).<\/p>\n\n\n\n<p><strong>(Related: <a href=\"https:\/\/arielle.com.au\/best-copy-trading-platforms-australia\/\">Best Copy Trading Platforms In Australia<\/a>).<\/strong><\/p>\n\n\n\n<div style=\"height:40px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>When And Why Was CHESS Sponsorship Introduced?<\/strong><\/h2>\n\n\n\n<p>CHESS was first introduced in 1994, so the system is now 30 years old. <\/p>\n\n\n\n<p>At the time of its introduction, it was considered world-leading, because it allowed Australia to:<\/p>\n\n\n\n<div class=\"arrow-wrapper\"><div class=\"arrow-list\"><ul><li><strong>Eliminate<\/strong> the need for paper-based settlement.<\/li><li><strong>Shorten<\/strong> settlement times \u2014 initially to 5 days, and then just 2 days in 2016.<\/li><\/ul><\/div><\/div>\n\n\n\n<p>Almost all other countries continue to use custodial systems.<\/p>\n\n\n\n<p>And we\u2019re no longer looked upon as a leading example. <\/p>\n\n\n\n<p>In fact, CHESS is considered somewhat outdated today compared to systems used in some other countries.<\/p>\n\n\n\n<div class=\"indent-wrapper\"><div class=\"indented-text\"><span><em>In 2017 there was a high-profile move by the ASX to transition from CHESS to a blockchain-based replacement system, which had promised to streamline settlement even further.<\/em><\/span><\/div><\/div>\n\n\n\n<p>However, the project was riddled with problems and was eventually, and controversially, <a href=\"https:\/\/ia.acs.org.au\/article\/2022\/asx-scraps-blockchain-project-after-7yrs-and--250m.html\">abandoned by the ASX<\/a> in 2022, with the company writing off around $250 million in costs related to its failure.<\/p>\n\n\n\n<p><strong>(Related: <\/strong><a href=\"https:\/\/arielle.com.au\/investing-in-shares-for-beginners\/\"><strong>Ultimate Guide To Investing In Shares For Beginners<\/strong><\/a><strong>.)<\/strong><\/p>\n\n\n\n<div style=\"height:40px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>How Does CHESS Impact Buying Shares?<\/strong><\/h2>\n\n\n\n<p>When investing on the ASX, to access the benefits of CHESS sponsorship you\u2019ll need to create an account with a broker that uses the model.<\/p>\n\n\n\n<div class=\"indent-wrapper\"><div class=\"indented-text\"><span><em>Thankfully there\u2019s no shortage of options when it comes to CHESS sponsored brokers \u2014 the popular broker platforms offered by Australia\u2019s four major banks use it, as do several other large brokers like Selfwealth.<\/em><\/span><\/div><\/div>\n\n\n\n<p>Most brokers make it clear on their website whether they offer CHESS sponsorship or not, but if in doubt you can always reach out directly to ask.<\/p>\n\n\n\n<div class=\"wp-block-create-block-tip-block tip-wrapper\"><div class=\"row\"><div class=\"col-md-12\"><div class=\"card-wrapper\"><div class=\"card-title\"><div class=\"icon\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"20\" height=\"20\" viewBox=\"0 0 20 20\" fill=\"none\"><path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M7.5 14.33a5 5 0 1 1 5 0v4.17h-5v-4.17Zm4.25-1.3-.75.44V17H9v-3.53l-.75-.44a3.5 3.5 0 1 1 3.5 0Z\" fill=\"#656E83\"><\/path><path d=\"M9.25 1v2h1.5V1h-1.5ZM5.53 4.47l-1.5-1.5-1.06 1.06 1.5 1.5 1.06-1.06ZM15.53 5.53l1.5-1.5-1.06-1.06-1.5 1.5 1.06 1.06ZM1 10.75h2v-1.5H1v1.5ZM17 10.75h2v-1.5h-2v1.5Z\" fill=\"#656E83\"><\/path><\/svg><\/div><h3 placeholder=\"Tip Title Goes Here\"><strong>Important!<\/strong><\/h3><\/div><div class=\"card-content\"><p placeholder=\"Tip Content Goes Here\">Shares are a common asset type CHESS records, but <a href=\"https:\/\/www.asx.com.au\/content\/dam\/asx\/investors\/investment-tools-and-resources\/education\/chess-brochure-march-2016.pdf\">ASX\u2019s<\/a> system is also used to record ownership of assets \u201cincluding warrants, stapled securities, company issued options and units in trusts.\u201d<\/p><\/div><\/div><\/div><\/div><\/div>\n\n\n\n<p>When you sign-up with a CHESS sponsored broker you will:<\/p>\n\n\n\n<div class=\"arrow-wrapper\"><div class=\"arrow-list\"><ul><li><strong>Automatically<\/strong> enter into an agreement providing you with CHESS sponsorship.<\/li><li><strong>Get<\/strong> a holder identification number (HIN), which is unique to you with that particular broker.<\/li><\/ul><\/div><\/div>\n\n\n\n<p>Your HIN is what links you to your assets within CHESS and grants you direct ownership of those assets.<\/p>\n\n\n\n<p>When you buy stock using a CHESS sponsored broker, after about two days the system will finalise settlement of that trade by transferring legal ownership of the shares to you. <\/p>\n\n\n\n<p>It also simultaneously sends the payment from your bank account to the seller\u2019s account.<\/p>\n\n\n\n<p>Note that international shares are always held by a custodian, even if your broker offers CHESS sponsorship.<\/p>\n\n\n\n<p><strong>(Related: <a href=\"http:\/\/arielle.com.au\/best-crypto-exchange-australia\/\">7 Best Crypto Exchanges In Australia<\/a>).<\/strong><\/p>\n\n\n\n<div style=\"height:60px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>The Purpose Of HINs.<\/strong><\/h3>\n\n\n\n<p>Each HIN is a unique 10-digit identifier, generally they start with an X.<\/p>\n\n\n\n<p>Each account you open with a CHESS sponsored broker will have its own HIN, so you can accumulate multiple HINs if you maintain multiple brokerage accounts. Any shares bought through a particular account will be linked with the associated HIN.<\/p>\n\n\n\n<div class=\"indent-wrapper\"><div class=\"indented-text\"><span><em>The biggest advantage of a HIN: it allows you to (relatively easily) transfer your entire portfolio from one broker to a new broker.<\/em><\/span><\/div><\/div>\n\n\n\n<p>Let\u2019s say you want to switch accounts to access lower fees, HINs help make the transition of all your assets smooth, and you can retain the same HIN.<\/p>\n\n\n\n<div class=\"wp-block-create-block-tip-block tip-wrapper\"><div class=\"row\"><div class=\"col-md-12\"><div class=\"card-wrapper\"><div class=\"card-title\"><div class=\"icon\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"20\" height=\"20\" viewBox=\"0 0 20 20\" fill=\"none\"><path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M7.5 14.33a5 5 0 1 1 5 0v4.17h-5v-4.17Zm4.25-1.3-.75.44V17H9v-3.53l-.75-.44a3.5 3.5 0 1 1 3.5 0Z\" fill=\"#656E83\"><\/path><path d=\"M9.25 1v2h1.5V1h-1.5ZM5.53 4.47l-1.5-1.5-1.06 1.06 1.5 1.5 1.06-1.06ZM15.53 5.53l1.5-1.5-1.06-1.06-1.5 1.5 1.06 1.06ZM1 10.75h2v-1.5H1v1.5ZM17 10.75h2v-1.5h-2v1.5Z\" fill=\"#656E83\"><\/path><\/svg><\/div><h3 placeholder=\"Tip Title Goes Here\"><strong>Important!<\/strong><\/h3><\/div><div class=\"card-content\"><p placeholder=\"Tip Content Goes Here\">Not sure where to find your HIN? You should have received some mail (physical or email) from the ASX within weeks of creating a CHESS sponsored account that lists your HIN \u2014 if not, contact your broker.<\/p><\/div><\/div><\/div><\/div><\/div>\n\n\n\n<p>You\u2019ll receive CHESS holding statements for each HIN you hold, which notify you of any changes to your holdings. <\/p>\n\n\n\n<p>That helps you keep track of what you own and the performance of assets in each account easily \u2014 as they\u2019re all linked to a single identifier.<\/p>\n\n\n\n<p><strong>(Related: <a href=\"https:\/\/arielle.com.au\/coinbase-review-australia\/\">Coinbase Review: Pros, Cons &amp; Verdict<\/a>).<\/strong><\/p>\n\n\n\n<div style=\"height:40px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Pros And Cons Of CHESS Sponsorship.<\/strong><\/h2>\n\n\n\n<p>CHESS sponsored brokers aren\u2019t unequivocally better than a platform with a custodial model, as every system has upsides and downsides.<\/p>\n\n\n\n<p>The main advantages of CHESS Sponsorship include:<\/p>\n\n\n\n<div class=\"arrow-wrapper\"><div class=\"arrow-list\"><ul><li><strong>Direct<\/strong> <strong>legal<\/strong> ownership of your assets, giving you full control of your assets including full shareholder voting rights.<\/li><li><strong>All<\/strong> <strong>your<\/strong> shares (with each broker) are linked to a single HIN, simplifying tracking, record-keeping and portability of ownership between different brokers.<\/li><li><strong>Your have <\/strong>greater control, compared to some custodial brokers, over whether to opt for automatic dividend reinvestment or take dividends in cash.<\/li><li><strong>Correspondence<\/strong> comes to you, giving you enhanced transparency, and the ability to check your ownership records outside of your brokerage account using share registries.<\/li><\/ul><\/div><\/div>\n\n\n\n<p>The potential negatives of a CHESS sponsored broker could include:<\/p>\n\n\n\n<div class=\"arrow-wrapper\"><div class=\"arrow-list\"><ul><li><strong>Higher<\/strong> brokerage fees, generally.<\/li><li><strong>Restricted<\/strong> markets or trade types.<\/li><li><strong>Bigger<\/strong> admin burden on you.<\/li><\/ul><\/div><\/div>\n\n\n\n<p>For instance, a custodial broker may be more likely to enable trading across multiple international exchanges (where CHESS doesn\u2019t apply) and offer fractional share ownership so you can spend what you can afford to buy expensive stocks.<\/p>\n\n\n\n<div style=\"height:40px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>How Does CHESS Sponsorship Differ From Custodial Models?<\/strong><\/h2>\n\n\n\n<p>The key difference between CHESS sponsored brokers and custodial brokers is that a custodial model typically operates under a single \u2018omnibus\u2019 HIN.<\/p>\n\n\n\n<div class=\"indent-wrapper\"><div class=\"indented-text\"><span><em>With one mega-HIN, all investor assets are pooled and who owns what is tracked by the broker\u2019s internal systems rather than through CHESS.<\/em><\/span><\/div><\/div>\n\n\n\n<p>So, your assets can\u2019t be held by you directly, instead they\u2019re held in trust by a third-party custodian appointed by the broker under the supervision of a trustee.<\/p>\n\n\n\n<p>What really gets people riled up in online forums is the idea that under a custodial broker the investor does not have <em>legal ownership<\/em> of the shares they\u2019ve purchased:<\/p>\n\n\n\n<div class=\"arrow-wrapper\"><div class=\"arrow-list\"><ul><li><strong>The<\/strong> custodian maintains legal ownership.<\/li><li><strong>You<\/strong> retain beneficial ownership, e.g., rights to trade and earn dividends and profits.<\/li><\/ul><\/div><\/div>\n\n\n\n<p>What are the implications of this?:<\/p>\n\n\n\n<div class=\"arrow-wrapper\"><div class=\"arrow-list\"><ul><li><strong>You<\/strong> might lose out on things like voting rights.<\/li><li><strong>If <\/strong>the broker\u2019s business goes under, you could lose your shares.<\/li><li><strong>You\u2019ll <\/strong>find it harder to move your assets to another broker.<\/li><\/ul><\/div><\/div>\n\n\n\n<div style=\"height:60px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Is The Custodial Model Really Less Safe?<\/strong><\/h3>\n\n\n\n<p>A custodial broker going bust has happened in Australia before, and it proved difficult for investors to claw back the money they were owed.<\/p>\n\n\n\n<div class=\"indent-wrapper\"><div class=\"indented-text\"><span><em>Over 12,000 investors lost out due to the collapse of online broker, <\/em><a href=\"https:\/\/www.smh.com.au\/business\/markets\/12-000-investors-to-get-money-back-after-halifax-collapse-20210519-p57t66.html\"><em>Halifax<\/em><\/a><em>, in 2018. They had to wait over three years to be reimbursed, and most didn\u2019t get it all back.<\/em><\/span><\/div><\/div>\n\n\n\n<p>If you use a CHESS-sponsored broker, there is zero risk of losing your Australian-listed shares, because you always have legal ownership.<\/p>\n\n\n\n<p>The insolvency risk sounds bad, but it shouldn\u2019t be seen as an instant deal breaker. Brokers failing is rare in Australia due to our strong financial regulation so the risk is relatively small.<\/p>\n\n\n\n<div class=\"indent-wrapper\"><div class=\"indented-text\"><span><em>It\u2019s also worth remembering that globally the custodial system is standard practice and it generally works well.<\/em><\/span><\/div><\/div>\n\n\n\n<p>On the plus side, the custodial model often results in lower trading fees for investors, making it popular with investors who trade frequently. <\/p>\n\n\n\n<p>Also, many micro-trading apps that help you get into an investing habit based on spending smaller amounts use the custodial model for precisely this reason.<\/p>\n\n\n\n<p>Some of the more popular custodial brokers in the Australian market include:<\/p>\n\n\n\n<div class=\"arrow-wrapper\"><div class=\"arrow-list\"><ul><li><strong>IG Markets<\/strong><\/li><li><strong>Interactive Brokers<\/strong><\/li><li><strong>Superhero<\/strong><\/li><li><strong>eToro<\/strong><\/li><li><strong>Sharesies<\/strong><\/li><\/ul><\/div><\/div>\n\n\n\n<p><strong>(Related: <\/strong><a href=\"https:\/\/arielle.com.au\/etoro-vs-stake\/\"><strong>eToro vs Stake &#8211; Which is Best for Australian Investors?<\/strong><\/a><strong>)<\/strong><\/p>\n\n\n\n<div style=\"height:40px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>What Protection Measures Actually Matter In A Broker?<\/strong><\/h2>\n\n\n\n<p>CHESS sponsorship is definitely a nice-to-have, but you should evaluate potential brokers on their overall stability and security. It pays to double-check they\u2019re registered with ASIC, and briefly look into their history and where they operate from.<\/p>\n\n\n\n<p>Other signs of a well-run broker include:<\/p>\n\n\n\n<div class=\"arrow-wrapper\"><div class=\"arrow-list\"><ul><li><strong>Clear<\/strong> information on their website about how they segregate client funds from their operational funds and where deposits are held.<\/li><li><strong>Robust<\/strong> \u2018know your customer\u2019 onboarding processes including identity verification.<\/li><li><strong>Modern<\/strong> platform with security protocols and technologies applied to protect your account credentials, such as multi-factor authentication.<\/li><li><strong>Timely<\/strong> and accessible fund withdrawal processes that ensure you can access money held in your trading account when you need it.<\/li><li><strong>Positive<\/strong> reviews from current and former users including a focus on prompt customer support and resolving disputes fairly.<\/li><\/ul><\/div><\/div>\n\n\n\n<div style=\"height:40px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Top 10 CHESS-Sponsored Broker Platforms In Australia.<\/h2>\n\n\n\n<p>Thinking you\u2019d prefer a CHESS sponsored broker? Here are 10 prominent platforms worth investigating:<\/p>\n\n\n\n<div class=\"arrow-wrapper\"><div class=\"arrow-list\"><ul><li><strong>CommSec<\/strong><\/li><li><strong>SelfWealth<\/strong><\/li><li><strong>CMC Markets<\/strong><\/li><li><strong>Pearler<\/strong><\/li><li><strong>Webull<\/strong><\/li><\/ul><\/div><\/div>\n\n\n\n<div style=\"height:40px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Choose A Broker That Ticks Your Boxes.<\/strong><\/h2>\n\n\n\n<p>Counterparty risk is avoided through CHESS sponsorship, but as long as you use a reputable broker \u2014 issues arising from a custodial model are unlikely. <\/p>\n\n\n\n<p>Millions of people around the globe safely invest and trade with custodial brokers every day.<\/p>\n\n\n\n<p>Whether a broker offers CHESS sponsorship should be just one of many considerations (alongside cost, security, usability and market access) in choosing the best broker for you, even if you only ever plan on investing in ASX-listed shares.<\/p>\n\n\n\n<div class=\"wp-block-create-block-tip-block tip-wrapper\"><div class=\"row\"><div class=\"col-md-12\"><div class=\"card-wrapper\"><div class=\"card-title\"><div class=\"icon\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"20\" height=\"20\" viewBox=\"0 0 20 20\" fill=\"none\"><path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M7.5 14.33a5 5 0 1 1 5 0v4.17h-5v-4.17Zm4.25-1.3-.75.44V17H9v-3.53l-.75-.44a3.5 3.5 0 1 1 3.5 0Z\" fill=\"#656E83\"><\/path><path d=\"M9.25 1v2h1.5V1h-1.5ZM5.53 4.47l-1.5-1.5-1.06 1.06 1.5 1.5 1.06-1.06ZM15.53 5.53l1.5-1.5-1.06-1.06-1.5 1.5 1.06 1.06ZM1 10.75h2v-1.5H1v1.5ZM17 10.75h2v-1.5h-2v1.5Z\" fill=\"#656E83\"><\/path><\/svg><\/div><h3 placeholder=\"Tip Title Goes Here\">Disclaimer.<\/h3><\/div><div class=\"card-content\"><p placeholder=\"Tip Content Goes Here\">The information presented here is general in nature and does not endorse any investment product, market, provider, or service. It is not intended as financial advice or a recommendation to trade &#8211; or not to trade. Trading futures, shares, ETFs, options, CFDs, and forex involves a high level of risk and may result in significant losses, particularly when leverage is used. Past performance does not guarantee future results. Before trading, consider whether the product is appropriate for your circumstances and seek independent professional advice. Refer to the relevant Product Disclosure Statement (PDS) and Target Market Determination (TMD) on the provider\u2019s website.<\/p><\/div><\/div><\/div><\/div><\/div>\n\n\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>Jody<\/p>\n\n\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p><span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading Time: <\/span> <span class=\"rt-time\"> 6<\/span> <span class=\"rt-label rt-postfix\">minutes<\/span><\/span>That old chestnut among Aussie investors \u2014 should you use a CHESS sponsored broker or opt for one with a<\/p>\n","protected":false},"author":14,"featured_media":113123,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_uag_custom_page_level_css":"","_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[267,305],"tags":[],"class_list":["post-112931","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-money","category-trading-platforms"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>What Is CHESS Sponsorship? (Why It Matters).<\/title>\n<meta name=\"description\" content=\"Dive in to understand what CHESS sponsorship is, why it exists and whether it should influence how you invest.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/arielle.com.au\/what-is-chess-sponsorship\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What Is CHESS Sponsorship? 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