I think all that has been priced into ASX stock, as indicated by a 55% plunge in its record $62 last year.
ASX couldn't have had it this easy and good forever really, and so what if there is competition? Just because ASX won't be a monopoly anymore doesn't mean its going to make money.
All these Liquidnet/Chi-X bourses already exist in Europe and USA and you haven't seen Deutsche Boerse of London Stock Exchange or CME or NYSE go broke.
ASX has lots of innovation and a huge market share already and its luring retail investors more by CFDs, carbon trading etc.
It'll be fine, this is a good thing for the marketplace.
As long as my freaking CommSec trades cost $5 eventually instead of $30 I'll be happy.
labor likely to open doors to other exchanges, page-3
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Last
$65.20 |
Change
0.070(0.11%) |
Mkt cap ! $12.64B | |||
| Open | High | Low | Value | Volume |
| $65.61 | $65.84 | $65.02 | $12.72M | 195.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 8 | $65.15 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $65.20 | 419 | 1 |
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| ASX (ASX) Chart |