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Hot Topic SCIENCE
Investment
2 mins to read

ASX to compensate brokers over outage as ASIC ponders punishment

The failure to settle trades before Christmas left some brokers scrambling for funds.

The ASX has committed to keep CHESS operating until at least 2032

The saga of the ageing ASX Chess (clearing house electronic subregister system) system continues to plague the Australian stock exchange, with brokers affected by an outage in December now eligible to share A$1 million ($1.1m) in compensation.

ASX chief executive Helen Lofthouse yesterday issued an

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Lachlan Colquhoun Fri, 24 Jan 2025
Contact the Writer: lachlan@nbr.co.nz
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ASX to compensate brokers over outage as ASIC ponders punishment
Investment,
107520
true