REP 106 Economic assessment of competition for market services

Released July 2007

Prepared by CRA International for release with CP 86 Competition for market services: Trading in listed securities and related data.

The Australian Securities and Investments Commission is considering two applications for new trading venues:

  • The AXE ECN regulatory and operational execution and reporting facility (AXE); and
  • The Liquidnet Australia trading platform.

Both of these venues would trade in ASX listed securities.

The Commission has asked CRA International (CRA) to assist it by providing an economic assessment of these new market proposals, including in terms of the potential for ‘market fragmentation’ to affect market efficiency objectives.

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Read CP 86

Last updated: 23/07/2007 12:00