Re: “what i see as the real problem is that nobody else provides...

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ZMan

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07/10/23

22:08

Post #: 70228225
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Originally posted by 1stPrize: ↑

When reading “participant” think “broker” or “customer of ASX”,
not alternative provider of ASX services.

so this bit, again i am no expert.

the actual product being bought and sold is a share in a company. that share is actually held by the register - that is computershare, link etc. you can buy or sell through the register and it will cost about $50 to $100 to do that. that is what a SRN trade is about. It is painful to do that and expensive.

what the ASX does is to provide an alternative to having to buy/sell those company shares at the register. it is providing an alternative way to the SRN system. they offer an alternative way to SRN buy/sell and called it HIN.

right now you can buy/sell SP1 shares at the register using SRN (Prolly cost u $80 odd to do that) but u have NO alternate marketplace to do that. that is a market MONOPOLY.

what i see as the real problem is that nobody else provides an alternative to that ASX marketplace. i do not know why that is, nor have a solution to that.

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Re: “what i see as the real problem is that nobody else provides an alternative to that ASX marketplace.”

Have you heard of CBOE? My brokers show quotes on both the ASX marketplace and the CBOE marketplace.
Brokers interact with each marketplace independently.

Re competition at the register, there are many different companies offering registry services, thats where the competition is.
There is no monopoly of registry services.

SP1 Price at posting: $1.07 Sentiment: Hold Disclosure: Held
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