11 January 2012 13:16
ASX Group, whose primary and backup trading systems shut down on October 27, says its group executive for technology will depart, but not immediately.
Jeff Olsson will leave the ASX in July. He has worked at the company for 15 years.
“It was Jeff’s decision to leave,” says an ASX spokesman. Olsson’s departure “is unrelated to the trading outage” in October, the spokesman says.
trading, trading platform, technology, derivatives, stocks, ASX, Jeff Olsson
Ian Patrick, chief investment officer of the $370 billion Australian Retirement Trust, says that integrated balance sheet management will “beyond a shadow of a doubt” become a more prominent feature in the superannuation industry as funds grapple with the compounding effects of their growing size, systemic importance and the liquidity needs of servicing a larger cohort of retirees.
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