@itzgr82baliveYes i upvoted, but not entirely happy with point 3.
"3. And do I really think that the ASX is doing this because they may be in competition at some point with ISX? No. The ASX is not that stupid. This would easily place the ASX in an investigation and a long and expensive lawsuit...."
They aren't doing it because...i agree
BUT
The technology outcome of their blockchain initiative may lead to the banks using ASX blockchain to share knowledge of their account holders in a secure way, so banks could use shared code and encrypted user account details to bypass ISX clipping of their ticket: "mutualising KYC".
ISX need to look at situations like that, (shared customer pools) and think about developing their own blockchain.
That will confuse ASX even more.
I also wrote to the Senate Regulatory Committee about the potential for a competition conflict of interest. I am hoping they will want to move some of ASX freedom of action to ASIC.
