Ann: Commences Federal Court Action against ASX, page-599

Quoting from JK’s email to shareholders:“With our Reserve Bank Exchange Settlement Account (ESA), AFSL and ADI licenses already in progress, ISX will in future be able to compete directly with the ASX owned Austraclear that offers BIS Model 1 with T+2 and single currency. ISX will deliver a far more advanced BIS Model 2 and 3 DvP, incorporating T+1 and multi-currency settlement. This will in due course give a large number of Australian brokers direct connectivity to ISX's ecosystem, and Australia an alternative to the Austraclear monopoly.”

Forget about the trolls, guys... If the suspension is not lifted soon, we will be trading our shares on the “ISX” (“International Securities Exchange” or “International Stock Exchange”) next. We’ve got the perfect acronym already…