ASX:ASX

24 stories mentioning ASX:ASXUpdated 6d ago

Every FINWIRES story that references ASX:ASX, newest first.

Market Chatter: ASX's Equity Post-Trade Pricing Model Changes May Increase Revenue, UBS Says

Changes to ASX's (ASX:ASX) equity post-trade pricing model might raise revenues even if turnover moderates, according to UBS analyst Kieren Chidgey, the Australian Financial Review reported Thursday.Chidgey increased earnings forecasts by around 6% across fiscal year 2027 and fiscal year 2028. He expects futures revenue to exceed market forecasts by 10% to 11% over these years.UBS upgraded its recommendation to buy and raised the price target to AU$65.20 per share.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

ASX:ASX

Asia91d ago

ASX Appoints Interim CEO

ASX (ASX:ASX) appointed Darren Yip, group executive of markets and listings, as interim chief executive, succeeding Helen Lofthouse, effective May 29, according to a Thursday filing with the Australian bourse.Yip will lead the company on an interim basis while the board continues its search for a permanent CEO, the filing added.

ASX:ASX

Asia101d ago

ASX Confirms Successful Launch of Chess Release 1 Clearing Platform

ASX (ASX:ASX) successfully launched Release 1 of its Chess modernization project, enabling clearing services on a new platform designed for greater resilience, scalability, and higher trading volumes, according to a Monday filing with the Australian bourse.All approved market operators are successfully connected ahead of the market open, and the system is being closely monitored throughout trading, settlement, and end-of-day processing, with contingency plans ready in case any issues arise, the filing said.The estimated cost for Chess Release 1 remains within the previously stated budget of around AU$125 million, the filing said. Release 2, which will introduce settlement and sub-register services, is currently being prepared, with industry testing in progress and is scheduled for delivery in 2029.

ASX:ASX

Asia105d ago

ASX Credit Rating Downgraded by S&P Global

ASX (ASX:ASX) said S&P Global Ratings has downgraded the company's long-term issuer credit rating to A+ from AA-, with a stable outlook, according to a Thursday filing with the Australian bourse.The Australian Securities and Investments Commission's (ASIC) final report on an inquiry into risk management deficiencies at the exchange operator contributed to the downgrade, the company said.In its own statement, the ratings agency said the persistent operational failures flagged by the regulator will take several years and significant investment to resolve. However, it added that ASX is expected to show continued strong revenue growth as most of its businesses are still benefiting from market movements.ASX reaffirmed its commitment to addressing the issues highlighted by the ASIC, adding that the downgrade does not impact its capital, liquidity or funding position.

ASX:ASX

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