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flag ASIC nears decision on new stock exchange that could boost competition and foreign investment in Australia.

flag Financial regulator ASIC is nearing a decision on Cboe Australia's application to set up a new stock exchange that would compete with the ASX. flag This follows the ASX's mistake in attributing a purchase by TPG Capital to TPG Telecom, causing a 4% drop in the latter's shares. flag The new exchange aims to boost competition and attract more foreign investment to Australia, potentially leading to a more prosperous economy and more job opportunities.

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