SFE/ASX merger debate returns

14 Jul 2003

Debate over the benefits of merging Sydney Futures Exchange (SFE) and Australian Stock Exchange (ASX) resurfaced last week following research reports released by Citigroup and UBS that highlighted the benefits of a combined entity.

The two exchanges were in merger discussions in 1999 but the deal fell through when...

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“At our current funding level, the Commission is under serious strain. We lack the staff and resources necessary to both implement Dodd-Frank and continue to fulfil our pre-Dodd-Frank duties under the Commodity Exchange Act. Without additional funding, the strain will only become worse in July, when much of Dodd-Frank goes into effect.”

The CFTC's Michael Dunn pleads for Congressional support over the regulator's budget.