2 mins to read ASX admits to misleading the market, cops A$20m fine The exchange is seeking to draw a line under the clearing scandal and start afresh as it waits for the new chief executive. The ASX will face renewed competition from rival Cboe Australia, now owned by the Toronto Stock Exchange. Lachlan Colquhoun Mon, 15 Jun 2026 © All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription. The ASX has admitted to misleading
the market over the progress of its failed Clearing House Electronic Subregister System (Chess) settlement system and has agreed to pay a penalty of A$20.5 million ($24.7m). [image src=”https://cdn.nbr.co.nz/assets/Uploads/2026-06/david-clarke-ASX-2025-square-web.gif” id=”123197″ Want to read more? It’s easy. Choose your subscription Already have an account? Login Smartphone Only Subscription NZ$29.95 / monthly Monthly Premium Online Subscription NZ$49.95 / monthly Smartphone Only Annual Subscription NZ$299.00 / yearly Yearly Premium Online Subscription NZ$499.00 / yearly Premium Group Membership 10 Users NZ$385+GST / monthly $38.5 per user – Pay by
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(valued at $499). View terms and conditions. Lachlan Colquhoun Mon, 15 Jun 2026 Contact the Writer: lachlan@nbr.co.nz News tip? Question? Typo? Let us know: editor@nbr.co.nz © All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription. Helen Lofthouse Free News Alerts Sign up to get the latest stories and insights delivered to your inbox – free, every day. Related News Canadian exchange buys ASX rival Cboe Profits are up but the ASX faces leadership uncertainty Under-siege
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ASX, CHESS, clearing scandal, settlement system, misleading the market, A$20.5 million penalty, Cboe Australia, Toronto Stock Exchange