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Showing 91 - 100 of 3048 results for %22ASX Trade%22

Douglass exits Magellan board

KARREN VERGARA  |  MONDAY, 21 MAR 2022
... effective March 19. The board said his resignation is "due solely to his medical leave of absence", which was announced to the ASX on February 7. The board added that it is in the process of appointing an additional independent director. Douglass has ...

ASX24 outage sparks concern

ELIZABETH MCARTHUR  |  FRIDAY, 18 MAR 2022
... confidence investors have in them." The outage comes after an incident on 16 November 2020, when the ASX halted trading on ASX Trade after switching to new systems over the preceding weekend. The outage lasted for one day and was followed by problems ...

Magellan loses $5bn in fortnight

KARREN VERGARA  |  MONDAY, 14 MAR 2022
Magellan Financial Group reported another massive outflow in which $5 billion left the ASX-listed fund manager in two weeks. This brings total funds under management to $69.1 billion as at March 11. Some $4.7 billion of the most recent outflows came ...

Tiger Trade debuts down under

CHLOE WALKER  |  MONDAY, 14 MAR 2022
... ease of use and abundance of offerings," Tiger Brokers Australia chief strategy officer Michael McCarthy said. Other than US, ASX and Hong Kong shares and ETFs, the platform is also one of the few online brokers to offer local Australians access to US ...

ASIC to strengthen market integrity rules

KARREN VERGARA  |  FRIDAY, 11 MAR 2022
... place as early as June 10. ASIC commissioner Cathie Armour said: "As we have seen in the past, such as with the November 2020 ASX outage, failures in these areas can have significant real-world consequences." "Our new rules set minimum expectations and ...

AGL rejects another takeover bid

KARREN VERGARA  |  MONDAY, 7 MAR 2022
... Cannon-Brookes. The $8.25 per share offer "is still well below both the fair value" of the company, the AGL board told the ASX this morning. Cannon-Brookes, together with his firm Grok Ventures and Brookfield Asset Management, made an initial offer of ...

Low fees, niche sectors win ETF war

ELIZABETH MCARTHUR  |  THURSDAY, 24 FEB 2022
... Rainmaker analysis has indicated that the purchase of Chi-X by Cboe Global Markets has accelerated competition. While the ASX still has most of the exchange traded products, Cboe Australia is making inroads. During last year it increased its share of ...

Crestone awards back-office, trade execution mandate

KARREN VERGARA  |  TUESDAY, 15 FEB 2022
... Magellan made three major investments in investment bank Barrenjoey, food chain Guzman y Gomez, as well as FinClear. A recent ASX investor update shows Magellan's funds under management sits at $87.1 billion, which factors in net outflows of $5.5 ...

Assets under custody hit $4.7tn

ELIZABETH MCARTHUR  |  TUESDAY, 15 FEB 2022
The Australian Custodial Services Association (ACSA), the peak industry body for custodians and asset service providers in Australia today released industry data showing assets under custody increased by 5.8%to a new record of $4.7 trillion in the six ...

ETF industry loses $5bn

JAMIE WILLIAMSON  |  MONDAY, 14 FEB 2022
... $5.1 billion month on month to end January at $131.8 billion. Meanwhile, about $1.5 billion was seen in net flows and the ASX ETF trading value hit the second highest monthly level on record at $10.3 billion, an increase of 26%. "As the industry has ...