Tag Archive : ASX

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Website fail puts ASX monopoly under scrutiny

October 12, 2020 | website | No Comments

“This [incident] highlights how important it is for consumers to have access to information,” Mr Matheson said. “Market data is critical, it should not be a monopoly.”

He said Australia should consider re-regulating the ASX’s stranglehold over company announcements, similar to reforms in the UK which allow companies to choose between a range of organisations to lodge mandatory disclosures with, such as newswire services.

ASX client and broker OpenMarkets agreed the incident drew attention to the ASX’s problematic monopoly status. “The industry is concerned that ASX has too much power to dictate play and there isn’t much of an opportunity for competitors to create a diverse environment that will ultimately benefit customers,” said chief executive Ivan Tchourilov.

However, he said the market operator was right to make changes to its previous archaic website and that these long-term benefits for investors would outweigh the “unfortunate teething problems”.

John Daly, chief executive

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New ASX website’s epic fail

October 12, 2020 | website | No Comments

The new Australian Securities Exchange website has made a chaotic debut – freezing, crashing and failing to show company announcements – prompting market watchers to vent spleen on social media.

The site has a sleeker look than the old one but has far less at-a-glance market data on its home page, with the standard ASX 200 prices list seemingly axed.

A company spokesman recommended users set up their own personal watchlist instead.

As the trading session opened, the bourse tweeted: “ASX announcements are currently not displaying on the ASX website. All company announcements are available to view via brokers and news agencies.”

“Huge fail for the @ASX,” @eadatt tweeted.

@SmallCapEagle labelled the new website “atrocious” and implored: “Kindly put the old one back.”

“The new website is a disaster! One can no longer easily see that there is a company announcement relevant to a particular security on their watchlist, there

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