Seems like ASIC is just about to announce (by all reports) the opening up of the ASX monopoly for the Australian Share trading system.

Here's what ChatGPT has to say about the soon to announced rival

You're absolutely right to zoom in on Cboe Australia (formerly Chi-X Australia)—it’s poised to be ASX’s most significant—and perhaps most formidable—competitor in the Australian equity market. Here’s a refined breakdown of why it matters:

Cboe Australia: Rising as ASX's Main Challenger

1. Market Share & Infrastructure

• Established Player: Since launching in October 2011, Cboe Australia has steadily gained traction, now handling around 20% of Australia’s cash equity trading volume as of January 2024 .
• Global Engine: It leverages Cboe Global Markets' high-speed, robust matching engine and trading technology, offering a reliable alternative infrastructure .

2. Low-Cost Proposition

• Disruptive Pricing: Cboe is setting itself apart with pricing estimated 20–40% lower than current ASX alternatives—once fully approved, it could significantly pressure ASX's fee structure .

3. Towards Full Exchange Status

• Regulatory Momentum: ASIC is close to approving Cboe’s application to operate as a full-service exchange—enabling it to conduct IPOs and listings, not just secondary trading .
• High Stakes: This is the first substantive challenge to ASX’s near-monopoly in decades, and its approval would mark a profound shift in Australia's public market structure .

4. Strategic & Market Impact

• Challenging ASX’s Vertically Integrated Model: ASX currently controls trading, clearing, and settlement. Cboe’s submission to regulators argues this structure stifles competition and innovation .
• Policy Action: The Treasurer and ASIC are steering reforms aimed at dismantling ASX’s dominance, opening pathways for Cboe to operate major components of the exchange ecosystem
• Potential Financial Implications: Analysts estimate that the rise of Cboe (and CSE) could shave up to $50 million annually off ASX’s revenue .

5. Innovative Products & Capabilities

• Unique Assets: Cboe offers products not available on ASX, such as its own ETFs and a broad range of uniquely quoted warrants and funds .
• New Functionality Ahead: The 2025 roadmap outlines plans for launching a Corporate Listing function in H2 2025, enabling IPOs and listing services on its platform .

Summary Table

Category Cboe Australia Highlights Market Share ~20% of cash equity trading volume

Pricing 20–40% lower than ASX Licensing Status - Awaiting final ASIC approval for full exchange & listings Strategic Challenge Exposes ASX's vertical structure and pushes for reform Product Offering Unique ETFs, warrants, new listing facilities forthcoming Impact Projection Could erode ~$50M of ASX revenue annually

What It Means Going Forward

Once fully approved, Cboe Australia is set to offer real competition to ASX—from lower trading costs and innovative product offerings to potentially launching IPOs via its platform. Its global infrastructure and cost-efficiency could drive broader market reform, greater foreign investment, and more choices for both companies and investors.

Horrible mistakes but the below quote perhaps highlights what a strong company this is - at the right price it makes sense:

Chairman Joe Longo has pledged the confidence of the Australian Securities and Investments Commission into the ability of market operator ASX to run the bourse.

“We have confidence in the ASX to run public markets,” Mr Longo said at a press conference in Melbourne on Monday. “Can I just stress to everybody that the ASX is an absolutely key feature of our economy.”

The comments come after ASIC warned the ASX on the mishandling of the CHESS replacement scheme. “What we are expecting is an urgent remediation of these issues… at the moment, we have a way to go.”

Private markets coming for the ASX - interested to see Australia has held up despite the commentary.

Hi i am new to the strawman as of yesterday and look forward to the next 12 months. My question/rambling is not about ASX the Stock but ETF's (sorry first post so not sure if I'm doing this right). Now a lot of smart people are saying index tracking ETF's don't distort the market, which i am not so sure of. eg Banks at Record highs, WES at high valuations and continuing, JB Hi fi at a massive premium. My view is that if they are required to meet the index by buying the firms in there and are prepared to pay the price (any price) then how are they looking at valuations of the company? The prices just keep going up with the occasional minor pullback. They certainly can't keep going like this, so how does it all end? Not well i think or is it just a ponzi that will keep going as the cash keeps flooding in? Interested in others views.

ASIC vs ASX - Environmental Social Governance- problem

ASIC sues the ASX Ltd. On Morning show channel 7.

ASIC SUING THE ASX Claims faulty tech cost investors millions

Seems like speculation every day at the moment but some have played out.

"It’s been more down than up for the ASX in the last few years. That’s not the index, but the market operator, which seriously bungled the roll-out of a crucial upgrade of clearance and settlement systems, resulting in more than casual regulatory scrutiny.

That, and generally poor conditions for new listings since the COVID-19 pandemic, have resulted in a weak share price. Over five years, in fact, it’s down some 14 per cent.

But ASX Limited is still attractive to someone, it seems. Street Talk can reveal a consortium of superannuation funds, including industry giants and major shareholders AustralianSuper and UniSuper, seriously considered lobbing a takeover bid only late last year." per AFR

I posted this Chart of the ASX200 to another member yesterday and thought others might be interested in this also

Yersterdays comments below:

Here is graph of the ASX200 note the 3 different colour circles where the bars have come right to them and stalled or hit and bouced way way or another. The Yellow circle on the red support line have been very convincing and the market certainly watches this red support level. I beleiv we have seen the last of the drop. It may wiggle up a little, maybe even meet the 15 to test though I feel it will drop at least the the recent bottom again to test it again (Im pretty certain) and possibly might make all the way down to my possible target. Depending on whwre the market is up too in its cycles, That 6825 mark is definitely and area to watch. It has support there as well as the intersection of a Trend line (Blue) and the bottom of the long term channel the market has been trading in. For now though I'm thinking it will drop again to test the 6945 mark.

Yesterdays Chart:

Other wonder why Im so heavily into Charting, well its because it Gives me a feel of whats going on in the market in a broard sence. Even if the Stocks Im interested in arnt part of the ASX200, the mood across the market will tell me when and when not to take positions (most of the time).

Have a look at the 4hr yesterday, especially the last couple of bars and the Stochastic Indicator.

The 4hr says it all.

What Im also saying is my chart set up is nothing special. Its something you all have access to as well. Takes a little to setup but well worth it.

Im also of the mind this isnt the bottom. Have a look back at my 1Day chart at the top. Im thinking the market will go there and at least have a decent retrace if not lift from there. That gives me a bit of timing on when to look seriously as to my next move.

Hope this provides so help for those that are interested. It also may pull back today and Create a Double Bottom. Who knows

Last time I wrote about a correction likely to occur in the market with the 1D charts showing it had got ahead of itself. It corrected itselff across the 3 days starting on the 29th & droppedd approx 200 point in the 3 days. Now I see a bigger drop on its way soon as can be seen on the 3D chart ahead of itself shown in the Yellow Circle (the white line is far to ahead of the yellow longer term line). When these discrepancies happen on the longer time frame charts (9 days in my case) it means it will take longer to correct itself. This could result in larger sudden drops in the market or, it drops back slowly over a long period of time. Either way be carefull with positons you have taken recently. They should be considered short term trades as they may be whipped out and turn negative. If you bought in for the long term, then note we are still in a bearish market. My thought is we have further to fall overall even though we have enjoyed a recent up tick. Dont be fooled that the market has turned yet. My thoughts on this is positions I'm taking at the moment are for small short term gains, which I probably wont be sitting on for the long term. Macro Finacials of AU and the rest of the world are still very much negative and I beleive it will be that way for some time to come. I think we will see the 6430 point region visited again over the next month or so on the ASX200 (asx code is XJO). Here is a screen shot for you all of what my charts are looking like currently.

Not only is the white short term indicator line way ahead of the longer yellow one, the yellow longer time frame indicator line is completly flat. I would have expected to see it rising even if in a weak fashion. Thats all for now. Good luck everyone and keep a cool head. Dont let emotion creep in to your decision making.

Be carefull over next weekish. Could be looking aat a decent drop again people on the ASX200. My 1D graph isnt looking so good. I always come to this chart before I make any decent size trades to get a feeling of how things are travelling.

Question for you all. Does anyone know the code to look at the futures maket over all or for the individual futures sectors?