ASX to keep monopoly on equity trades

The Australian Securities Exchange will keep its monopoly over the clearing and settlement of equity trades until at least 2015, after the government decided not to impose further costs and regulation on the stockbroking industry.

Advice from the Council of Financial Regulators had been accepted that it should not consider licence applications from competitors such as LCH.Clearnet for two years given current market conditions and the magnitude of regulatory change ... READ MORE

Released by the Financial Times - 11 February 2013