ASX: Swings and roundabouts

Competition and regulatory change make for a tough playground, but ASX remains the biggest kid in the park. If only the share price would slide, reports James Greenhalgh.

If you blinked, you probably missed it: Competition has arrived for ASX. New market operator Chi-X opened for business on 31 October and has since won market share of about 2%. This figure is likely to rise but with equities trading revenue accounting for only about 6% of ASX’s total, down from 10% in 2009 (see Chart 1), Chi-X is far from a major threat.

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