ASX could face competition from Cboe after ASIC weighs application
Neither CBOE nor Asx Wednesday night does not comment.
The possibility of more competition for ASX is faced with the pressure of regulators after the high -profile failure of a large technology upgrade known as the market operator, chess change project.
After it was announced in 2016, before it was canceled in 2022, great investors were disappointed.
Sayan Making our markets more competitive and productive will make our economy more prosperous and productive. ”Credit: Alex Ellinghausen
ASIC took ASX to court last year and claimed that he made misleading expressions regarding the replacement of the swap and settlement system, swap house electronic subregister system (chess).
On Wednesday, when the investor round table made a shameful mistake, saying that ASX’in incorrectly from Infomedia, a private capital company was purchased by TPG Capital Asia.
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Telco TPG, a different company of the private capital company, received the wrong cross -reference in the announcement and led to a decrease in TPG shares before trade. Asx canceled all transactions in TPG shares between error and when the trade was paused.
“This problem was accidentally caused by a human error and I know it causes deterioration for TPG Telecom and investors, Dar said ASX group markets and lists.
“This should not be a mistake, and we are reviewing our internal processes to understand if there are additional measures or procedures that we can apply to reduce a similar risk of recurrence.”
