Even the AFR has had a crack
The ASX compounded its failure to keep the country's primary equity capital market open by failing to ensure a seamless transition to the alternative market, Chi-X.What makes this failure by the ASX even worse is that the market operator appears to have snubbed its nose at the recommendations made by the Australian Securities and Investments Commission following the last major outage in 2016
Also, its actions went against what it said it would do in response to the 2016 outage.Surprisingly, ASIC responded to Monday's market outage with a media statement full of motherhood comments which, in effect, amount to less than a slap on the wrist for ASX.Has ASIC forgotten what it told the ASX to do in December 2016? Does it not understand the details of ASX's inaction during Monday's outage?
Is 16th Nov 2020 the day when the tables begin to turn?, page-4
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