Ann: Half-Year Results Presentation, page-2

Boasting about their centrepoint trades making them money. Might contact the ACCC to see if this constitutes collective bargaining.

"Collective bargaining is an arrangement where two or more competitors come together to negotiate with a supplier or a customer over terms, conditions and prices. A group of businesses may sometimes appoint a representative, such as an industry association, to act on its behalf in the negotiations."

In this case two or more competitors (large intitutions) have negotiated terms and conditions with a supplier. Obvious the improved t and c's are at the expense of those who are not a party to the agreement. Retail investors and traders for a start, are paying for this, and are disadvantaged. I might be wrong - but that is how I see it. The benefits of this arrangement to the ASX are clear.