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Australian regulator sues stock exchange over botched blockchain upgrade

Financial Times LogoFinancial Times13h ago

Australian regulator sues stock exchange over botched blockchain upgrade - Financial Times

Quick Summary:

Helen Lofthouse, ASX chief executive, said in a statement that the exchange recognised the “significance and serious nature of these proceedings”.

The exchange subsequently appointed Tata Consultancy Services to develop a new clearing and settlement platform.

The aborted upgrade triggered criticism of ASX from the banking industry, government and Australia’s central bank.


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Article Details

Author / Journalist: Nic Fildes

Category: MarketsFinanceInvesting

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-14 @ 05:40:51 (13 hours ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 379 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 22 words per sentence (average)

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

Copyright Owner: © Financial Times

News ID: 22073279

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About Financial Times

Financial Times Logo

Main Topics: MarketsFinanceInvesting

Official Website: ft.com

Update Frequency: 13 posts per day

Year Established: 1888

Headquarters: United States

News Last Updated: 13 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #3

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  • URL: https://beamstart.com/news/australian-regulator-sues-stock-exchange-172361770

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