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Australian stock market operator's monopoly position scrutinized in government consultation

By Ryan Cropp ( June 16, 2023, 06:33 GMT | Insight) -- The monopoly position of the Australian Securities Exchange, or ASX, has been highlighted in submissions responding to draft government legislation on competition in the market for clearing-and-settlement services. The ASX, Australia’s largest securities exchange, used its 33-page submission to question the scope of some of the definitions used in the legislation, and raised concerns about the potential for overlap between the regulatory bodies tasked with implementing the new policy.The monopoly position of the Australian Securities Exchange, or ASX, has been highlighted in submissions responding to draft government legislation on competition in the market for clearing-and-settlement services....

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