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February rise for Aussie exchange
Australia’s ASX Ltd, operator of Asia’s fourth-largest bourse, reported a 2.9 per cent rise in half-year profits and said it expected market conditions to remain challenging in anticipation of rival Chi-X’s arrival. Sharp market volatility slammed trading revenue in the December quarter, but ASX said average daily cash market activity in the first two weeks of February jumped nearly a quarter to A$4.8bn (£3.27bn) against the first six weeks of the year.