Cboe Threat, Ticker Glitch Widen Woes for Australian Bourse

The article discusses the challenges faced by ASX Ltd., the operator of the Australian Securities Exchange (ASX). ASX is dealing with increasing regulatory scrutiny and intensifying competition, which has resulted in its shares underperforming compared to other global exchange operators. The article mentions that the Cboe Global Markets Inc., a US-based exchange operator, has threatened to enter the Australian market, potentially posing a competitive threat to ASX. Additionally, a technical glitch that affected the display of stock tickers on the ASX's trading platform has added to the exchange's woes. The article highlights that these developments have contributed to the underperformance of ASX's shares, which have lagged behind most of its global counterparts. The article suggests that ASX is facing a challenging environment as it navigates the increasing regulatory pressure and competitive landscape in the Australian securities exchange market.