“ASX chief executive Dominic Stevens says the market operator’s world-first CHESS replacement project will go live on schedule in April next year and now is the right time for him to make way for a successor to develop a long-term business plan for the new clearing and settlement system.”
this quote was from an article on the 10th of February last year (the tail end of the 2 and a half year period ASIC has accused ASX of breaching its disclosure rules - and they were still lying). Given the ASX share price is down 23% since they came clean and now they’ve been charged by ASIC, they’ll no doubt have some shareholder class actions coming.
But hey, this is a reputable, well run organisation. Everything they’ve said and done in the ISX case might be right…..
SP1 Price at posting:
$1.07 Sentiment: Hold Disclosure: Held