ASX runs the core plumbing behind Australia’s share market, and that monopoly makes its earnings unusually steady. But a long and costly upgrade cycle is holding profits back for now, so the shares may only make sense if the price falls or the cost blowout finally fades.Read more
ASX is betting big on modernising the plumbing of Australia’s markets, and if those upgrades make the system more reliable, it could steady trading fees and open the door to more data and connectivity income. The catch is that this overhaul is expensive and closely watched by regulators, so delays, cost blowouts, or tougher rules could weigh on results.Read more
ASX looks set to lean less on day-to-day trading activity and more on steady income from market data and technology services as investing becomes more digital. The big question is whether it can pull off its major systems upgrade and manage rising costs and tougher scrutiny without losing ground to new competitors.Read more
ASX Limited operates as a multi-asset class and integrated exchange company in Australia and internationally. The company provides regulated framework for entities to raise capital and source liquidity; education programs, research and insights, investor access and peer group networking; distribution facility for quoted exchange traded funds (ETFs) and debt securities. It is also involved in the trading of futures and options on interest rate, equity index, agricultural and energy products, and options over individual securities; cash market trading of equities, warrants, ETFs, and debt securities; and clearing of exchange-traded derivatives, and over-the-counter interest rate and equity derivatives. In addition, it offers information services, including pricing and trading data; technical services, such as market access, connectivity, hosting and co-location services; central counterparty clearing and settlement services for equities; settlement, depository, and registry services for debt securities; and payment platform for high value payments, electricity providers, and property transactions. The company was incorporated in 1987 and is based in Sydney, Australia.
