My recollection is he was head of the ACCC, the competition watchdog. Having connections and being able to open the right doors to be heard on the monopoly /anticompetitive situation with the ASX sounds good to me. Another wild card in the pack. Chi-X was owned by a private equity group which I recall sold out to the Singapore stock exchange. Now would that be a coup or would it not. Think of Chi-X (already has a stock exchange trading licence, getting together with the NSX offering both small and large companies like this traded on the ASX. And then having the settlement process for all of the trades (there is a lot already done on Chi-X as this does all of the 'dark pools' stuff as well as my split price trade the other day.) And which company would do the settlements and take all that away from the ASX? Well it seems to me that the ISX platform would be able to do just that!!!!
ISX Price at posting:
$1.07 Sentiment: Hold Disclosure: Held
