The Stockbrokers Association of Australia will argue against a rise in capital for brokers which do not clear their own trades, although some of its members take the opposite view.
The Australian Securities and Investments Commission is preparing to review its capital rules for dozens of brokerages which use third-party clearers, such as Berndale Securities or Penson, to clear their clients’ share trades.
Loading...
Matthew Drummond edits AFR Magazine, our premium monthly inserted magazine that covers business, politics, fashion, design, food and wine, and is home to the Rich List, Young Rich List and the Power lists. Connect with Matthew on Twitter. Email Matthew at matthew.drummond@afr.com.au
