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.
I think all that has been priced into ASX stock, as indicated by...
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Last
$61.54 |
Change
0.640(1.05%) |
Mkt cap ! $11.93B | |||
| Open | High | Low | Value | Volume |
| $60.70 | $61.72 | $60.53 | $34.55M | 562.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10 | $61.47 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $61.64 | 358 | 1 |
View Market Depth
| Last trade - 16.10pm 29/08/2024 (20 minute delay) ? |
| ASX (ASX) Chart |