The Oxera Trading and Post-trading Monitor
For ASX, Oxera chose a sample which included several centres that share similar equity market characteristics with Australia (eg, Germany, Brazil and Italy) and other regional markets as well as larger financial centres (eg, the USA and the UK). The user/intermediary profiles were also updated to be more representative of the Australian market.
The comparison found similar trends to those in Oxera’s analysis published by the Brazilian Securities and Exchange Commission in 2012. For example, the charges for trading and post-trading services in larger financial centres are generally lower than those in smaller financial centres.