Despite the AI boom, ASX Limited’s expenses blowout from rising cost of technology is a worldwide trend. Why?

It’s no great surprise that shares in ASX Limited plunged as much as 13 per cent on Tuesday, after the market operator told investors that the cost of its great technology turnaround had ballooned.

The update on expenses growth in the 2027 financial year – now expected to be between 18 per cent and 21 per cent – and the estimate of almost $400 million of capital expenditure over 2027 and 2028, is sadly what you’d expect to see when a company has chronically underinvested in its technology and systems, as ASIC found the ASX had done.

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