Telstra has revealed the addition of almost one million new mobile services in the six months to December 2011, but Sensis revenues plummeted 24 percent in 12 months.
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Beverley Head
Monday, 31 August 2009 14:09
In the past the Australian Stock Exchange (ASX) has both operated and monitored the equities market in Australia, but more of the monitoring role will be passed over to ASIC from October next year. However market insiders warn that ASIC has limited experience of real time market monitoring and a scant 14 months to overhaul its IT systems.
iTWire’s requests to interview ASIC CIO Rachel Johnson-Kelly about her blueprint for the future have been declined.
Johnson-Kelly joined ASIC as chief information officer from IBM a little over a year ago, and shortly afterwards the organisation unveiled plans for a long overdue $115 million core IT systems revamp which is still underway.
Although legislation which will govern the market monitoring changes is not expected to be introduced to the Parliament until next year, ASIC can’t afford to wait for the fine print. Setting up a real time market monitoring system is not a trivial exercise as the UK’s Financial Services Authority has found.
FSA signed up to use Progress Software’s Apama complex event processing system to provide real time market surveillance for the UK financial services market back in June 2007. Apama founder Dr Giles Nelson, who is visiting Australia this week from the UK, said that the FSA had not yet deployed the system, although claimed that was now imminent.
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