The recent past in Australian capital markets has been characterised by themes of volatility but also innovation. Volatility has seen markets closed at various times due to many factors, often global in nature. Innovation has been driven by both how to deal with this volatility but also due to changing investor preferences.

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This paper was presented in July 2017 at the 22nd Melbourne Money and Finance Conference (MMFC), which explored the theme: Evolutionary Trends in the Australian Financial Sector.