ASIC unveils exchange reforms
Thursday 4 November 2010 @ 1.57 p.m. | Corporate & Regulatory
The SMH has today reported that the Australian Securities and Investments Commission has revealed new plans to "overhaul stock-market rules with the aim of encouraging new rivals to take on monopoly bourse operator ASX Group while protecting investors."
"The onset of competition is expected to boost algorithmic trading and so-called "dark pools" of liquidity in Australia, raising fears of greater volatility and weaker transparency" Click here to read the full SMH article.
The ASIC website has released the consultation package with a summary of ASIC's proposals.
The downloads can be found here
ASIC wants feedback on the proposal by January 21, 2011.
To keep track of the new ASIC rules and and regulatories and ASX listing updates wh not enquire about our TimeBase Corporations PIT service and our ASX Listing and Market Rules PIT Service?
