(Reuters) – Australia’s corporate regulator has commenced an investigation into ASX Ltd regarding oversight related to the failed replacement of the Clearing House Electronic Subregister System (CHESS) software, the bourse operator said on Wednesday.
ASX’s three-decade-old trading platform is widely seen as in need of an upgrade after many incidents of glitches, including one in November 2020 when an issue in the new equities trading platform halted trading for 20 minutes on the day it went live.
(Reporting by Harish Sridharan in Bengaluru; Editing by Sriraj Kalluvila)
