I think all that has been priced into ASX stock, as indicated by a 55% plunge in its record $62 last year.
ASX couldn't have had it this easy and good forever really, and so what if there is competition? Just because ASX won't be a monopoly anymore doesn't mean its going to make money.
All these Liquidnet/Chi-X bourses already exist in Europe and USA and you haven't seen Deutsche Boerse of London Stock Exchange or CME or NYSE go broke.
ASX has lots of innovation and a huge market share already and its luring retail investors more by CFDs, carbon trading etc.
It'll be fine, this is a good thing for the marketplace.
As long as my freaking CommSec trades cost $5 eventually instead of $30 I'll be happy.
labor likely to open doors to other exchanges, page-3
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Last
$63.84 |
Change
-0.070(0.11%) |
Mkt cap ! $12.37B | |||
| Open | High | Low | Value | Volume |
| $63.88 | $63.92 | $62.85 | $12.79M | 201.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 14 | $63.56 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $63.86 | 2974 | 2 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| ASX (ASX) Chart |