23 Oct 2014
Australians hit with high trading fees, report says

The ASX has argued that the reason its fees are higher are because unlike other countries,the $250 million in capital supports the clearing house and which would be drawn upon should a major default occur, is provided by ASX rather than by participants.

But the author of the report Niki Beattie, former head of Market Structure at Merrill Lynch in London, said the ASX needs to “justify” how it arrived at that figure.