23 Oct 2014
Share Trades In Australia Are Among The Most Expensive In The World

…Looking at value and number of trades cleared versus the average cost to clear them, the report shows Australia as the second most expensive market after Brazil, even when economies of scale have been accounted for.

Market Structure Partners CEO Niki Beattie says the three most expensive markets for post-trade – Spain, Brazil and Australia – all have one dominant exchange.

The report also analyses the unusual risk management and default “waterfall” model used in Australia….