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$1.07 southern cross payments ltd

Austraclear, page-3

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hilldweller

7,996 Posts.

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09/12/19

13:30

Post #: 41869628
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Originally posted by hilldweller: ↑

And now it looks like the ASX is going to have its archaic monopoly impacted by Fintech. The cost for them to bring their systems up to date would be prohibitive and there will be plenty of Fintech companies lining up for a slice of their pie, not just ISX.

If I was ISX, I would be having a chat with the bank of China, they are currently doing massive volumes with Austraclear. With the currency offering and international processing in one day, they would be saving a lot of money using ISX instead of the ASX offering.

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RMB 830 million they processed through the Bank of China in 2015 - 2016. Let’s get this business ISX...

ISX Price at posting: $1.07 Sentiment: Buy Disclosure: Held
30 Upvote

0 Great analysis

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