ASX's technology head steps down

The Australian Securities Exchange (ASX) is seeking a chief information officer to replace incumbent Jeff Olsson.

According to an ASX statement today, Olsson will leave the company in July this year after 15 years with the firm.

A spokeswoman said the move was Olsson’s decision, and unrelated to a major technical glitch in October that led the exchange to delay its move to a new data centre in Gore Hill.

The ASX stated that Olsson would finalise the delivery of the so-called Australian Liquidity Centre, which would open in February as planned.

Olsson’s replacement will take up his position of Group Executive Technology, managing 160 staff who work on markets, corporate, clearing and settling technology, and infrastructure.

The exchange planned to “continue to invest in and upgrade its systems to ensure that our customers have access to one of the fastest and most sophisticated equity trading systems in the world”.