Business
‘They’re in the Stone Age’: Is the ASX monopoly short-changing investors? – Sydney Morning Herald
The ASX still uses technology that is almost three decades old and the recent trading outage has put the spotlight on the need for more competition.
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It was a warm, clear morning in Bondi on the 16th of November when veteran mining entrepreneur Blake Cannavo noticed something was wrong.
The one-time Fortescue Metals executive had just finished a swim and excitedly checked his phone. Cannavo’s latest endeavour, small cap gold and copper explorer Native Mineral Resources, was due to list on the ASX that day and he was scanning the order sheets.
“There were some very erroneous numbers, they didn’t…
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