Big news from Australia! The Australian government wants more competition in its stock market. This means more choices for people who buy and sell stocks.
The ASX, a big company that handles most Australian stock trades, needs to be more fair. They have to show clearly how much they charge for their services and make it easier for other companies to compete.
This is all about making sure the Australian stock market is open and fair for everyone.
- Australia's government wants to make the stock market fairer.
- The ASX (Australian Stock Exchange) has to be more transparent about its fees.
- Other companies will now find it easier to compete with the ASX.
| Fact | Number |
|---|---|
| Daily trades handled by ASX (in Australian dollars) | A$5 billion |
| Daily trades handled by ASX (in US dollars) | $3.2 billion |
| Time until new rules are in effect | 3 months |
