ASX doesn’t play favourites

ASX Ltd is handing the first proceeds of its merger with the Sydney Futures Exchange to brokers, as it tries to stop concerns its dominance of Australia's equity and derivatives unfairly favours shareholders. Yesterday the company announced it would introduce fee cuts for SFE customers and highlighted pricing changes to the trading of equities next year. In a statement the exchange said, “These changes demonstrate ASX's intention to share with users the cost synergy benefits of the ASX/SFE merger which have started to be realised”.