..... and ISX is a ChinaunionPay principal and I recall somewhere that they had connected directly to Chinese banks (of about 22)
They already handle some 23 currencies
Can you imagine a T+1 settlement in AUD, USD, RMB, CAD, EUR, GBP etc for Australian stocks.
It will open up the ASX as an international exchange overnight. ASX will win, but so will ISX.
These guys at the ASX are idiots if they dont play with ISX.
OR
They were invited to play, and decided that they would throw the toys out instead.......
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