The longer this drags the more suspicious I become that this is...

The longer this drags the more suspicious I become that this is simply the ASX protecting their turf and reputations.

In the last two years the ASX have invested north of $150m in their new DLT systems. The project started in 2015 from memory so I expect the true investment is north of $200m. Throw in a $44m investment in the technology developer and the ASX have plenty at stake. Beyond the sheer scale of the $’s involved there are directors ego’s and reputations to consider.

With the ASX project behind schedule and ISX telegraphing their intentions through technology development and regulatory applications I wonder if the ASX executives simply couldn’t resist the temptation (pressure) to frustrate the competition?