Chi-X deal boosts pressure on ASX
Chi-X Australia received a boost in its challenge to the ASX, its dominant rival, after one of the world’s biggest exchange operators purchased the company on Thursday.
Updated Mar 25, 2021 – 4.13pm, first published at 11.06am Chi-X Australia’s mission to challenge the ASX in stock and derivatives trading got a boost after it was acquired by one of the world’s biggest exchange operators on Thursday, in a move set to offer investors greater choice and address regulators’ concerns about the incumbent’s grip on the market. Cboe Global Markets, the third-largest exchange operator in the US, has acquired Chi-X Asia Pacific, which includes exchanges in Australia and Japan. Subscribe to gift this article Gift 5 articles to anyone you choose each month when you…
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