ASX Faces Scrutiny Amidst Technical Glitches

The Australian Securities Exchange (ASX) faces mounting scrutiny due to recurring technical issues, including a recent outage of its announcements platform and a major error in August 2025 that caused a significant drop in a companys market value. The ASXs critical CHESS system also failed in December 2024, and the regulator, ASIC, launched a wide-ranging investigation in June 2025. The ASX has been sued by ASIC for misleading statements about its CHESS replacement project and fined for breaching market integrity rules. These challenges underscore the need for the ASX to ensure reliability and transparency in the financial market.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.