By Chris Wright
One person with mixed feelings about the whole trend will be Australian Stock Exchange chief executive Tony D’Aloisio or, rather, its former chief executive, since he was ousted last month as a consequence of his own deal.
In March, the ASX and the Sydney Futures Exchange announced a plan to merge. It had been mooted on numerous occasions and formally attempted in April 1999, only to be knocked back by the regulator, the Australian Competition and Consumer Commission. By March this year, though, the global trend towards consolidation had become undeniable and the regulator indicated that it would let the deal through in the national interest.
Reason
At various times over the past 10 years both sides had been keen for a merger but this time it was driven by D’Aloisio, the former head of Australian top-drawer law firm Mallesons Stephen...
