2304 GMT - AI-assisted stock picking is seen by Macquarie analysts as a potential tailwind to cash equities activity at Australian exchange operator ASX. They observe that recent trading competitions have demonstrated the growing capability of AI models as profitable stock pickers. Recent activity trends are stronger than expected, they say in a note. The analysts point out that the lower average trading fee charged on retail trades in the open market could reduce ASX's average fees, but they nonetheless see higher volumes as a net benefit. Macquarie keeps a A$56.00 target price and "neutral" rating on the stock, which is down 1.5%, at A$49.05. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
March 18, 2026 19:05 ET (23:05 GMT)
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