ASX
Director Trades
| Date | Director | Value |
|---|---|---|
| W. Byres | $33,621 | |
| D. Clarke | $102,000 | |
| W. Byres | $62,139 | |
| A. Loveridge | $169,431 | |
| D. Clarke | $253,900 | |
| Dr Heather Joy Smith | $4,339 | |
| David Thomas Curran | $4,029 | |
| Wayne Stephen Byres | $3,409 |
Company News
ASIC takes legal action against ASX over misleading CHESS replacement claims
The Australian Securities and Investments Commission (ASIC) has commenced legal action in the Federal Court against ASX Limited (ASX: ASX), accusing it of making misleading statements in an announcement on 10 February 2022. The national corporate regulator alleges ASX’s statements that its Clearing House Electronic Subregister System (CHESS) replacement project remained “on track for go-live” […]
ASX anticipates surge of IPOs later in 2024
Australia’s pipeline of initial public offerings (IPOs) is expected to ramp up in the new year thanks to a cyclical market on the rebound. Anticipated listings for the second half of 2024 include companies in the industrials, mining and consumer discretionary sectors such as cars, household appliances, specialty items, luxury goods and leisure. According to […]
ASX fined more than $1m by ASIC for pre-trade transparency failures
Australian share market operator ASX Limited (ASX: ASX) has been fined $1,050,000 following an investigation by the Australian Securities & Investments Commission (ASIC) that found it had been “careless” in failing to meet compliance on market integrity rules on thousands of occasions. In issuing its notice, ASIC said the matter was “serious” and it had […]
ASX investor study 2023: record number of adult investors, as women and younger Australians drive market growth
A new study of the Australian investment market has found that women and younger Australians are playing a growing role in the stock market as the number of adult investors hits a record 10.2 million. The ASX Australian Investor Study 2023 also found that shareholders have an increased environmental, social, and corporate governance (ESG) focus […]
OZ Minerals recommends BHP’s takeover offer, Endeavour Group’s national gambling operator faces 62 charges and ASX scraps blockchain project
OZ Minerals (ASX: OZL) has announced its board plans to recommend the latest revised takeover offer from mining giant BHP Group (ASX: BHP) of $28.25 per share, valuing OZ Minerals at $9.6 billion. The offer beats BHP’s previous offer of $25 per share tabled 15 weeks ago, which OZ deemed too low. However, after renewed […]
ASX scraps blockchain-based CHESS replacement project, loses $250m
The Australian Securities Exchange (ASX Limited ASX: ASX) has scrapped a $250 million blockchain project after an independent review identified significant challenges with its ability to meet legal requirements. The controversial project was scheduled to replace the legacy CHESS (clearing house electronic subregister system) platform in April after years of setbacks including market readiness and […]
ASX delays CHESS replacement again, Lynas plans $500m rare earths expansion and Orica acquires Axis
ASX Limited (ASX: ASX) has announced it is pushing back the timeline for its Clearing House Electronic Subregister System (CHESS) replacement project for a fifth time, citing “more development is required than previously anticipated” in an announcement on Wednesday. The launch of the highly-anticipated CHESS replacement project has been delayed for at least another year, […]
ASX appoints first female CEO, Woodside and BHP Petroleum complete merger and NAB confirms $1.2bn acquisition
ASX Limited (ASX: ASX) has announced an internal candidate, Helen Lofthouse, is set to take over as the new chief executive officer following a four-month international search. Ms Lofthouse will be the first woman to run the ASX since it was founded in 1987, being promoted to the top job from group executive, a position […]
ASX postpones long-awaited CHESS replacement – again
The Australian Securities Exchange’s (ASX) much anticipated clearing and settlement technology overhaul has suffered further delays, with the exchange announcing this week the April 2023 “go-live” date is “no longer viable”. The Clearing House Electronic Subregister System (CHESS) replacement is incorporating distributed ledger technology to enable instant transactions and automated records in real-time. ASX’s $250 […]
ASX delays launch of blockchain settlement technology
The introduction of a new blockchain system to finalise local equity trades has been pushed back by the Australian Securities Exchange (ASX) due to stakeholder concerns and impacts of the coronavirus pandemic. The replacement of the legacy Clearing House Electronic Subregister System (CHESS) with distributed ledger technology (commonly known as blockchain) was originally targeted for […]
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