Thursday, March 3, 2011

Australia's Second Exchange Could Open in October (WSJ)

Australia's Second Exchange Could Open in October

the green shoots of competition struggling to crack heavy rocks of regulation

"The firm has applied for a "maker-taker" pricing model, where traders adding liquidity to the market receive a small payout while those taking the other side of offers pay a small fee. ASIC said Thursday it has no plans to ban this type of model.
However, with ASX still acting as the country's lone clearer of stock trading, costs aren't expected to move lower too quickly."

Australia's Second Exchange Could Open in October

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