|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||42.90 - 42.90|
|52 Week Range||41.00 - 64.04|
|Beta (5Y Monthly)||0.28|
|PE Ratio (TTM)||21.95|
|Forward Dividend & Yield||1.54 (3.09%)|
|Ex-Dividend Date||Sept 08, 2022|
|1y Target Est||N/A|
SYDNEY (Reuters) -Australia's corporate regulator said it was investigating possible breaches of disclosure rules at share market operator ASX Ltd over a troubled rebuild of its trading software, potentially exposing the stock exchange to criminal prosecution. The investigation into the world's No. 15 stock exchange marks an escalation in the backlash that has rocked ASX since it pulled a blockchain-based overhaul of its trading, clearing and settlement system last November despite years of assurances the project was on track. The Australian Securities and Investments Commission (ASIC) and Reserve Bank of Australia had already publicly rebuked the exchange and demanded more thorough reporting on plans to update the 30-year-old software at the heart of the economy.
It is usually uneventful when a single insider buys stock. However, When quite a few insiders buy shares, as it...
A top Australian share trading technology firm backed a government proposal to break stock market operator ASX Ltd's effective monopoly over clearing and settlement, saying its failed software overhaul showed the need for new entrants. In draft legislation published this week, the federal government said it wants to give potential rivals to the ASX's clearing and settlement operations the same access to financial market infrastructure. The new rules would also give the Reserve Bank of Australia and the Australian Securities and Investments Commission, which jointly regulate the ASX, greater oversight of clearing and settlement providers to stop dominant players pushing out competition.