Tag: ASX

September 08, 2016 BY Mike Fox

ASX extends depository services to RMB denominated securities

ASX today announces that it has launched a renminbi (RMB) securities depository service. The new service extends the portfolio of RMB services developed by ASX in cooperation with the Bank of China Limited, Sydney Branch (Bank of China) for Australia’s financial markets. ' The depository service enables issuers to issue RMB-denominated securities directly into Austraclear…

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August 01, 2016 BY Valentina Kirilova

Dominic Stevens is ASX’s new CEO

The Australian Securities Exchange Ltd, (ASX) has announced that the ASX Board has appointed Mr Dominic Stevens as its Managing Director and CEO. He takes up his new role today. Since the resignation of former CEO Mr Elmer Funke Kupper, this appointment has been following a comprehensive selection process undertaken by the ASX Board with…

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May 12, 2016 BY Maria Nikolova

ASX proposes increasing financial thresholds for listings

ASX has today published a consultation paper on proposed changes to its requirements for admission to the ASX official list. The key proposals include: Increasing the financial thresholds for listing – lifting the “assets test” thresholds from net tangible assets of $3 million or a market capitalisation of $10 million to an NTA of $5…

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April 18, 2016 BY Maria Nikolova

ASX welcomes PRO IT to Australian Liquidity Centre

The Australian Securities Exchange (ASX) on Friday announced that provider of data centre infrastructure support services PRO IT is the newest Managed Service Provider to join the financial markets community in the Australian Liquidity Centre.  PRO IT will be co-locating in the Australian Liquidity Centre (ALC), ASX’s state-of-the-art data centre. The addition of PRO…

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March 21, 2016 BY Maria Nikolova

ASX's CEO Elmer Funke Kupper resigns amid Tabcorp investigation

ASX has just announced that its Board has accepted the resignation of Mr Elmer Funke Kupper as Managing Director and CEO of ASX Limited, effective immediately. The move is related to the ongoing investigations into the activities of Australia's gambling and entertainment company Tabcorp in Kenya in 2009/2010. Mr Funke Kupper sits on Tabcorp's Board…

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March 09, 2016 BY Maria Nikolova

Bitcoin Group abandons IPO, ASX listing application

Further to LeapRate's earlier report about Bitcoin Group encountering hurdles regarding its plans to float on ASX, the company announced today that it is withdrawing from its IPO and ASX listing application. Bitcoin Group will continue with its bitcoin mining activities and is considering renewing its IPO and ASX listing attempts in the future.The company…

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March 07, 2016 BY Maria Nikolova

ASX, ASIC halt Bitcoin Group listing plans

Bitcoin Group's plans for a floatation on ASX have just hit the curb... On March 4, 2016, ASX sent Bitcoin Group a letter, informing the company that it does not meet the requirements for admission to the official list. ASX made its decision after Grant Thornton Australia produced an independent report stating that Bitcoin Group has…

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March 07, 2016 BY Maria Nikolova

ASIC report: ASX, Chi-X Australia meet cyber resilience obligations

The Australian Securities and Investments Commission (ASIC) has earlier today released a “Cyber resilience assessment report: ASX Group and Chi-X Australia Pty Ltd”, with the document presenting the assessments of the cyber policies at Australia’s major domestic financial market infrastructure providers. Overall, the assessment concluded that ASX Group and Chi-X have, up to this point…

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