ASX Reaches Turning Point After Regulatory Pressure
The Australian Securities Exchange chair stated the company reached a turning point following years of trading outages. ASX will maintain a lower dividend payout ratio and higher cost guidance to fund its ongoing technology overhaul.
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ASX Ltd reached a turning point in addressing its regulatory troubles on Thursday morning, maintaining a lower dividend payout ratio and higher cost guidance for the year ahead. The exchange operator has faced scrutiny following trading outages and settlement delays across Australia. The ongoing technology overhaul follows regulatory orders to build financial resilience.