Opinion
Regulator needed as ASX techies tinker with critical infrastructure
The exchange operator has a glut of big tech upgrades to deliver, on top of its CHESS debacle ‘do-over’. If it stuffs them up, then everyone in the market suffers.
Paul SmithTechnology editorConcerns over the status and governance of technology upgrades at the ASX are sadly not surprising in the context of the bungled CHESS replacement program, but they are worrying for others outside the four walls of its Sydney headquarters.
ASX chief information officer Tim Whiteley is a serious operator, and has laid out a road map to upgrade core systems, which is not unreasonable. But there are big questions about whether the organisation is equipped to deliver them.
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