ASX Faces Scrutiny Over Technology Outages

The Australian Securities Exchange (ASX) faces criticism following another technology outage, adding to a series of failures during a major tech overhaul. The latest incident, caused by a software deployment for a security upgrade, has investors questioning the ASXs ability to deliver on promises. The ASX is already under investigation by ASIC for its market infrastructure security and resilience. The core issue appears to be a technology problem, with the new clearing system, replacing a three-decade-old one, expected in 2026 at an estimated cost of up to $293 million.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.