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AAP
AAP
Jacob Shteyman

ASX faces listing competitor after damaging TPG blunder

The financial regulator is considering allowing Australian companies to list on an ASX competitor. (Bianca De Marchi/AAP PHOTOS)

Companies will be able to list their shares on a separate stock exchange to the ASX, in a plan that will provide a competitor to the embattled share market operator after another embarrassing error.

Financial regulator ASIC revealed on Wednesday it was "in the final stages" of considering an application by Cboe Australia to set up a new listing market in direct competition to the ASX.

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