Chi-X Australia has said that it undertook A$ 675 million of trading value on Friday 10 October, a new high point for the Australian exchange.
Chi-X Australia is a wholly owned subsidiary of market operator Chi-X Global, which in turn is owned by a consortium of major financial institutions, Chi-X Global operates market centres in Australia, Canada and Japan.
In Australia it has continued to innovate this year with the launch of its market on close facility and by introducing a new low latency trading interface.
“The top retail platforms, attracted by our competitive pricing, integrated midpoint trading and increasing depth of liquidity represent a significant portion of our volume every day,” said Chi-X Australia’s CEO John Fildes “A year ago, the participation of retail traders was a growing trend – now it is business as usual.”
Chi-X Australia achieved a market share record of 29.86% by value traded on 11 July, record trading volumes of A$19.52 billion in September and Monday last week marked the second day that it has achieved over 20% market share of continuous trading volumes.
“Percentage of total market orders is one thing – we’ve been doing very well in that arena,” added Fildes. “The quality of our customer’s order fills is also important, and we are pleased to see more of our customer orders are being filled straight away on Chi-X Australia.”