Ann: Updated Statement of Claim ISX vs ASX, page-212

It's about corporate governance. What are the rules and processes they are following? Are they not a company listed on the ASX, even if they are the market operator?

The 4FASOC highlights it very well. They can't simply move from having serious concerns about suspending ISX on one day, to suspending ISX the following day without any records of what changed in regards to those concerns. They can hide internal ASX memos or notes, but then that exposes a bigger problem: corporate governance.

We saw that as well with the trading outage. How was it that IBM came to a conclusion it was not reasonable to believe the platform was fit for go-live? Yet ASX insisted after accepting the IBM report they thought the platform was ready. It just doesn't make sense.

I don't want to believe a company the size of ASX doesn't have a proper corporate governance framework - they just don't follow it.
And that's dangerous considering they are the market operator. I have a feeling that's what will eventually lead to their downfall.