Is 16th Nov 2020 the day when the tables begin to turn?, page-3

From The Australian

Some excerpts that I thought were gold

https://www.theaustralian.com.au/business/companies/dominic-stevens-asx-tech-claims-looking-shaky-after-latest-snafu/news-story/1146388a5b206a37135305caea29091e

The ASX last year earned $652.2m on operating revenue of $938.4m and spent just $75m in capex, including the CHESS upgrade — just maybe Stevens could open the cheque book.Its monopoly-driven parsimony threatens the viability of the market, explaining why ASIC expressed its “significant concerns”.

Traders complained that they are hit with fines if they step over the line, but the ASX, which has an obligation to provide an orderly market, has no penalty when it fails to provide that market.

This financial year the ASX has averaged 1.5 million trades a day, valued at $6.5bn, but on Monday it didn’t even make the 30-minute mark.Its licensor, ASIC, itself under the gun, has found a new bete noire and was unimpressed