RBA puts heat on ASX over trading monopoly failures

Press/Media: Expert Comment

Description

Technical problems causing costly outages are among the key issues the ASX has to resolve in order to operate in the best interests of market participants.

When Australian Securities Exchange chief executive Dominic Stevens and its departing chairman, Rick Holliday-Smith, were grilled by Reserve Bank of Australia governor Philip Lowe and senior regulators at the central bank’s boardroom in early December, the ASX’s technology failures were a prickly talking point.

 

Subject

Analysis

Period2 Mar 2021

Media contributions

1

Media contributions

  • TitleRBA puts heat on ASX over trading monopoly failures
    Degree of recognitionNational
    Media name/outletAustralian Financial Review
    Media typeWeb
    CountryAustralia
    Date2/03/21
    DescriptionTechnical problems causing costly outages are among the key issues the ASX has to resolve in order to operate in the best interests of market participants.

    When Australian Securities Exchange chief executive Dominic Stevens and its departing chairman, Rick Holliday-Smith, were grilled by Reserve Bank of Australia governor Philip Lowe and senior regulators at the central bank’s boardroom in early December, the ASX’s technology failures were a prickly talking point.
    Producer/AuthorJohn Kehoe
    URLhttps://www.afr.com/markets/equity-markets/rba-puts-heat-on-asx-over-trading-monopoly-failures-20210215-p572le
    PersonsSean Foley