After the blow-outs of brokers Opes Prime and Tricom, the Federal Government has moved to take away supervision of Australia’s largest licensed brokers from the Australian Securities Exchange.

In a statement today, the Federal Government announced the Australian Securities and Investments Commission will in the future be responsible for supervising brokers who trade in financial markets.

This includes brokers trading in all listed and unlisted securities - including those trading on the Australian stock exchange and the Sydney Futures Exchange.

These last two markets were previously the domain of the ASX’s market supervision arm.