new operator once stablished will drain liquitiy, lower...

new operator once stablished will drain liquitiy, lower liquidity is genrally bad for stock and increases stock swings.

ASx not only has approved competition which they have flagged for a couple of years, it has also lost its regulatory powers, its just a black box now clipping the tickets on trades, but with the first increased competition approved it wont be long before others follow, in fact others have also made application which is widely reported..

Increases competiton will also put pressure on revenue as the ASX will look to try and keep its existing customers, good for traders, good for customers,,,probably very negative for the SP going forward...

Previously the ASX said that it was a regulator as well as an exchange, its lost these powers and now finally after many years, the first of many approved exchanges has been approved.....

It still looks super expensive to me given the events of the resent month...