Re "ASX's three-decade-old trading platform was in need of an upgrade after many incidents of glitches, including one in March last year that disrupted trading in futures and options markets."
That is just plain WRONG! ASX has replaced, completely, both it's equities and futures trading platforms in the last 5 years. It was in fact the cut-over to the new equities trading system that caused the trading disruption in March last year!
The system that is 25+ years old is CHESS, which is the equities clearing and settlement system. That is a different system to the actual trading platforms. And CHESS had nothing to do with the Mar '22 trading outage.
Reuters really need to lift their game with their reporting here - very low quality and factually incorrect.
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