ASX employee tests positive for COVID-19
An employee from the Australian Securities Exchange (ASX) has tested positive to COVID-19 and the organisation has entered its business continuity plan (BCP), while normal market operations will not be disrupted.
In line with ASX policy and the recommendations of health authorities, the employee self-isolated as soon as symptoms were displayed and would remain at home for a period of 14 days.
Approximately 20 ASX employees had close contact with the employee, and are also self-isolating and working from home for a fortnight.
The employee was based at ASX’s Bridge Street office in Sydney, where a deep clean took place over the weekend, and they had had no recent close contact with third parties including ASX customers or partners.
The ASX had instructed, as part of its BCP, employees from various sites including Bridge Street, the Australian Liquidity Centre, secondary data centre, and interstate and overseas offices to work remotely until further notice.
Only a group of core employees identified in the BCP would remain on ASX sites to manage ongoing market functions, mainly in technology, operations and surveillance areas.
AUTHOR
Chris Dastoor
Recommended for you
Lonsec and SQM Research have highlighted manager selection as a crucial risk for financial advisers when it comes to private market investments, particularly due to the clear performance dispersion.
Macquarie Asset Management has indicated its desire to commit the fast-growing wealth business in Australia by divesting part of its public investment business to Japanese investment bank Nomura.
Australia’s “sophisticated” financial services industry is a magnet for offshore fund managers, according to a global firm.
The latest Morningstar asset manager survey believes ETF providers are likely to retain the market share they have gained from active managers.
