By James Thomson
Publication Date: 2026-05-26 06:17:00
It’s no big surprise that ASX Limited shares plunged as much as 13 per cent on Tuesday after the market operator told investors the costs of its major technology transition had skyrocketed.
Unfortunately, the update on spending growth in the 2027 financial year – currently expected to be between 18 and 21 per cent – and the estimate of almost $400 million in capital expenditure in 2027 and 2028 is exactly what one would expect if a company has chronically underinvested in its technology and systems, as ASIC had found the ASX had done.
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