CY25: gold glitters, AI accelerates and defence dominates — Are markets set for one more Santa rally?
By Grady Wulff, Senior Market Analyst, Tandem Securities Is the Santa rally set to continue? It feels like we have ridden the Santa rally since December 2024 with the ASX and global markets resetting record highs throughout CY25, so, is there any steam left in the tank for the Santa
SIAA Monthly – November 2025
For optimal viewing, select to enter full screen mode. DOWNLOAD SIAA Monthly – November edition PDF FEATURE ARTICLES Replacing bank hybrids: The time to act is approaching Bank hybrids are approaching their final call dates, with the $1.6 billion Westpac Capital Notes 5 due for call next month.
Inquiry into Australian Securities Exchange
SIAA has had concerns about operational risk management at ASX for some time and considers that there is still substantial work to be done to improve ASX’s risk management framework.
The Stockbrokers and Investment Advisers Association (SIAA) is the professional body for the stockbroking and investment advice industry in Australia, representing 7, 730 professionals. Principal Members are Market Participants and Advisory firms that provide securities and investment advice, execution services and equity capital-raising for Australian investors, both retail and wholesale, and for businesses. Practitioner Members are suitably qualified professionals who are employed in the securities and derivatives industry.