Finance and markets
Ken Griffin’s Sydney bet is paying off.
The US market maker’s local division has built a $1 billion trading book and is churning out profits as it carves out a lucrative foothold in Australia.
Jim Chalmers has opened the door to negotiations with the startup sector over changes to CGT. The question now is who walks through it.
Sydney HFT traders pocket record bonuses.
Founder and former chair Andrew Abercrombie jumped from the board before his fellow shareholders had the chance to push him. But he might be playing a longer game.
Business — and bonuses — at Susquehanna, Optiver and IMC are soaring as their Sydney outposts capitalise on the time zone to trade lucrative Asian markets.
Negative gearing changes are set to test the big banks, with analysts warning mortgage growth and margins could come under pressure.
ASIC finally notices DroneShield six months later.
