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New exchanges "threat to small brokers"

Thu 18/02/10 - 08:14:54 vs6
THE Australian Securities Exchange has warned that stockbrokers face a costly ''technological arms race'' that could put some smaller players out of business if rival exchange operators are given approval to enter the market. The comments by ASX chief executive Robert Elstone yesterday
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Tags : smh.com.au, RON, Invest, Exchange, Commission, cash earnings, market supervision, market operators, finance markets, expe, capital reserves, ample resources, sharemarket, market structure, stockbrokers, interest income, net profit, business performance, liquidity, fragment, doubts

ASX: you still need us to protect against computer trades

Mon 08/02/10 - 08:35:07 vs6
THE ASX has used a submission to the corporate regulator on controversial computer-driven algorithmic trading to warn of threats to market integrity should it lose its market monopoly to foreign operators. The ASX, which acts as a market supervisor as well as profiting from each trade on
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Tags : smh.com.au, Wash, market manipulation, operational integrity, market integrity, intense scrutiny, sophisticated investors, public policy issues, regulatory regime, retail investors, dollar computer, market operators, market users, term investors, foreign exchanges, term traders, man and machine, sharemarket, profound implications

Fast-track call on licences for rivals

Fri 15/01/10 - 08:32:22 vs6
THE Federal Government has been urged to speed up the approval process for potential rivals to the Australian Securities Exchange. A Government-commissioned report says the move would foster competition and aid Australia's quest to become a financial services hub. The report, by the
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Tags : smh.com.au, RON, Invest, FCF, Exchange, Commission, roles of supervisor, global financial crisis, market operator, licence applications, market operators, conflicts of interest, market reforms, s market, transaction costs, title.rivals, rivals

Changes anger stockbrokers

Sun 27/12/09 - 08:51:22 vs6
The ASX has questioned whether proposed $5 million fines for corporations are justified. Photo: Paul Jones THE Stockbrokers Association has called for changes to Treasury's plans for Australia's new market supervision regime, slamming proposals for tougher fines and public...
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Tags : smh.com.au, stock, RON, Invest, Exchange, Commission, title.Change, market integrity, market supervision, market manipulation, maximum civil penalty, economic efficiency, market operators, public scrutiny, maximum fines, disciplinary hearings, insider trading, exposure draft, title.stockbrokers, stockbrokers, ASX

ASX pans finance reforms

Tue 22/12/09 - 08:10:56 vs6
THE Australian Securities Exchange has found much to criticise in Treasury's planned new market supervision regime, yesterday questioning whether proposed $5 million fines, public disciplinary hearings and new powers for the corporate regulator were justified. With less than a year to go...
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Tags : smh.com.au, RON, Invest, Exchange, Commission, market supervision, integrity rules, dark pools, home jurisdiction, market operators, public scrutiny, market operator, facility operator, ministerial approval, disciplinary hearings, roles and responsibilities, levers, 5 million, favour

Draft legislation reveals potential new ASIC powers

Wed 02/12/09 - 08:31:15 vs6
THE corporate regulator will have new powers to create and enforce market integrity rules when it assumes the role of sharemarket supervisor next year, under draft reforms unveiled by the Government. The draft legislation and consultation paper, released yesterday by the Corporate Law...
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Tags : smh.com.au, stock, Invest, Exchange, Commission, integrity rules, autumn session, parliamentary scrutiny, consultation paper, market operator, market operators, draft legislation, disciplinary panel, market participants, conflicts of interest, market experts, dual roles, panel member

New powers for ASIC proposed

Wed 02/12/09 - 08:13:06 vs6
THE corporate regulator will have new powers to make and enforce market integrity rules when it assumes the role of sharemarket supervisor next year, under draft reforms unveiled by the Federal Government. A draft legislation and consultation paper, released by Corporate Law Minister Chris...
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Tags : smh.com.au, stock, RON, Invest, Exchange, Commission, integrity rules, autumn session, consultation paper, market operators, draft legislation, market operator, disciplinary panel, conflicts of interest, market experts, dual roles, panel member, handover, breaches

Russian State Grain Trader Won’t Seek Export Monopoly (Update1) By Maria Kolesnikova and Yuriy Humber

Sat 10/10/09 - 09:54:21 vs6
Grain aims to emerge as the local market leader as of 2013, he said without elaborating. “Our strategy is to become the leading player, not the monopoly on the Russian grain market,” Levin said. “We will seek to partner with existing market operators and traders.” Russia set a goal in June ...
Tags : bloomberg.com, title.Trader, title.Russia, Russia, far east, river ports, million metric tons, shipping facilities, grain storage, grain exports, market operators, grain market, step strategy, private capital, target, humber, local market, monopoly