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History was made on Monday. The ASX top 200 suffered its worst day's trade on record, as the local bourse closed down 9.7 per cent. |
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The only silver lining for brokers was that all this increased trading volume in the past fortnight has been boosting revenue generated by equities desks.
However, ASIC had something to say about that over the weekend. |
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The regulator has called for up to 25 per cent fewer trades to go through the system because the market infrastructure can't cope and all the major brokers are implicated. We take a dive into their frustrations. |
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Terms have been agreed and the transaction should finalise in coming weeks. |
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Sarah Thompson, Anthony Macdonald and Tim Boyd |
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