Australian stock exchange defends failed trading platform project


Tough conditions: A man fishes in the harbour while it rains in Sydney.The Australian Securities Exchange, the world's 13th-largest stock exchange, is facing criticism since stalling a project last month to rebuild its trading, clearing and settlement software. — AFP

SYDNEY: The Australian Securities Exchange (ASX) is defending its public statements about a failed overhaul of its ageing trading platform with blockchain technology.

However, in a parliamentary hearing yesterday, it acknowledged it prioritised the wrong features.

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