ASIC Filed A Lawsuit Against ASX Over $250M Software Fail

Quick Summary:

The Australian Securities and Investments Commission (ASIC) has filed a lawsuit against ASX, accusing the company of misleading the public about a major software upgrade.  This project was supposed to modernize the way trades are settled using new technology, but it didn’t go as planned.

This project was supposed to modernize the way trades are settled using new technology, but it didn’t go as planned.

On 7 March 2024, ASIC announced that ASX had paid a penalty of $1,050,000 following an ASIC investigation into its compliance with the market integrity rules.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Sofiya

Category: Crypto

Markets: IndiaAustralia

Topics: Software News Latest News Australian Securities and Investments Commission ASX Lawsuit Fail $250M Filed ASIC

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-15 @ 03:46:03 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 448 words

Reading Time: 3 minutes read

Sentences: 30 lines

Sentence Length: 15 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 22084128

View Article Analysis

About BitcoinWorld

Main Topics: Crypto

Official Website: bitcoinworld.co.in

Update Frequency: 10 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 14 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #121

Publisher Details

Frequently Asked Questions