Competition for ASX

ASIC has released a consultation paper, Consultation Paper 95 Competition for market services – response to CP 86 and further consultation (CP 95) which responds to comments recived on Consultation Paper 86 Competition for market services - trading in listed securities and related data  (CP 86).

The consultation will assist ASIC in dealing with applications from AXE ECN Pty Ltd (AXE) and from Liquidnet Australia Pty Ltd (Liquidnet) for Australian market licences to operate competing venues for trading in ASX-listed securities.

The consultation period closes on 29 January 2008.