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ASIC nears decision on new stock exchange that could boost competition and foreign investment in Australia.
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.
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.
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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ASIC se acerca a una decisión sobre una nueva bolsa de valores que podría impulsar la competencia y la inversión extranjera en Australia.