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SYDNEY (Reuters) - Australia passed a law on Wednesday to support competition in post-trade settlement and clearing for financial markets, challenging the near-monopoly status held by ASX Ltd.
After ASX cancelled a costly overhaul of its trading platform, the federal government said it was opening up the market to let other players in.
That required new legislation which was passed by the Senate on Wednesday. The legislation also gives the Reserve Bank of Australia and corporate regulator the ...
>>> Read more: Australia passes law to encourage competition for main market operator ASX
After ASX cancelled a costly overhaul of its trading platform, the federal government said it was opening up the market to let other players in.
That required new legislation which was passed by the Senate on Wednesday. The legislation also gives the Reserve Bank of Australia and corporate regulator the ...
>>> Read more: Australia passes law to encourage competition for main market operator ASX
