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All Australian Securities Exchange Markets Supervision (ASXMS)

ASIC Supervision and Competition Cost Recovery for ASX and Chi-X Participants

As of 1 January 2012, a new market supervision fee model and cost recovery arrangement is in force to allow the recovery of costs from market operators and participants (ie. stockbrokers) for the supervision of Australia's equities markets. The new cost recovery regime, which was developed by >>

ASIC Confirms Readiness for Competition

ASIC today confirmed Chi-X Australia Pty Ltd (Chi-X) has met its licence pre-conditions to commence as a provider of exchange markets in Australia and it can commence operations from 31 October 2011. ASIC has introduced a new regulatory framework to facilitate competition in market services and >>

Merrill Lynch Equities Australia Fined By The ASX for 21 Contraventions

Merrill Lynch Equities Australia Fined By The ASX for 21 Contraventions

In two separate reports recently issued by the Australian Exchange Disciplinary Tribunal (ASXDT) found that Merrill Lynch Equities Australia (MLEA) breached 21 ASX Market Rules during 2007 and 2008 resulting in over A$330,000 worth of fines. The contraventions ranged from untimely trade >>

Australian Government Announces Competition in Financial Markets

The Minister for Financial Services, Superannuation and Corporate Law, Chris Bowen MP, today announced the Government's support for competition between markets for trading in listed shares in Australia. Minister Bowen also announced in-principle approval of Chi-X Australia Pty Ltd's (Chi-X's) >>

Better Pre Trade Risk Might Have Helped Citi Australia

Better Pre Trade Risk Might Have Helped Citi Australia

The ASX Disciplinary Tribunal recently slapped Citigroup Global Markets Australia (CGMA) with fines totaling $50,000 for two separate trading incidents that occurred in 2008. The first event transpired on May 16 in the futures segment. 250 lots of the December 90 day bank bill futures (IRZ8) were >>

ASXMS Publishes Its 2009 Report

ASXMS Publishes Its 2009 Report

The Australian Securities Exchange Markets Supervision (ASXMS) office - mandated to supervise futures, equities, clearing and settlement at the Australian Securities Exchange (ASX) - published its 2009 annual report this week. Here are some highlights. The ASXMS made 88 "referrals" and 60 >>