NSX maybe not a true competitor... however clearpay vs Austraclear certainly is. Reduced margin for start.
And how much emphasis is put on a new system that has the potential to limit algo trading etc... ASX are dragging the chain because they make huge money on their current wide moat trading platform along with buddies in their pocket all the way.
ISX Price at posting:
$1.07 Sentiment: Hold Disclosure: Held