ASX's left flank is now wide open. ISX have a ruling from ASIC...

ASX's left flank is now wide open. ISX have a ruling from ASIC that say's they are not a competitor to ASX. What's going to stop another foreign exchange operator partnering with ISX in the delivery of their products to the Australian market for example.
The Honeypot is slowly being cracked open, just like it was in the 1990's when Optus and other telco's entered the Australian market. The difference this time is that the ASX doesn't own millions km's of copper wire like Telstra did, thus their market share could sink rapidly.