The ASX is facing the ASIC regulatory headwind encountered by many companies / sectors over recent years, in this case a move which could see more brokers move to ChiX as ASIC clearly wants the market to enjoy execution alternatives. While the news is far from new it cannot be good for the ASX which is not cheap after bouncing 50% from its 2021 low, we simply see better investment alternatives moving into 2022 as the ASX slowly faces the prospect of losing its monopoly position which its enjoyed for multiple decades.
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