ASX welcomes certainty on equities clearing

Company News

ASX Limited (ASX:ASX) has welcomed the announcement by the Treasurer Scott Morrison, that the government is planning to put in place conditions for safe and effective competition in cash equities clearing.
 
Australia’s regulatory agencies will not recommend approval of any clearing license applications until the conditions that support the Government’s policy for safe and effective competition are established.
 
ASX currently is the sole provider of clearing services for cash equities in the meantime.
 
It has also announced that from 1 July 2016 its equities clearing fee will be cut by 10 per cent.
 
ASX reported a net profit of $213.1 million at 31 December 2015.

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