More Australian ECN news July 23, 2007
Posted by James Webster in : finance , trackbackASIC (the Australian Securities and Investments Commission, the Australian equivalent of the FSA or SEC) has released a consultation paper (via Exchange News) requesting input from stakeholders regarding the entry of AXE ECN and Liquidnet into the Australian market as venues for trading ASX-listed equities. I was not previously aware that Liquidnet were expanding into Australia. I hope the readers of this document have read Harris and provide their feedback from an academically informed point of view in addition to their practical experience.
Appendix 1 of the consultation paper provides an interesting list of the current Australian Market License holders. A quick look at a few of the websites shows that Microsoft .Net plays a growing role in providing the technology behind markets; both Yieldbroker (fixed income) and Mercari (interbank interest rates and derivatives) reference .Net as a requirement for their client platform at least.
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