Chi-X Australia, the alternative trading venue owned by Chi-X Global, will increase the stocks offered on its platform after successfully completing its soft launch period.
Chi-X Australia, which launched on 31 October offering an alternative equity trading platform to the Australian Securities Exchange, will from tomorrow extend its stock universe to include all S&P/ASX 200 component stocks and ASX-listed exchange-traded funds.
“We are pleased that the first week of trading in Australia’s multiple market environment has gone so smoothly for our 22 trading participants, system vendors, market data distributors and the Australian Securities and Investments Commission,” said Peter Fowler, chief operating officer, Chi-X Australia. “We are encouraged to see liquidity growing on our platform, and with the introduction of new securities, are excited for the price improvement opportunities that will now be available to Chi-X Australia participants.”
“We commend the efforts of the government and regulatory agencies that have worked tirelessly with Chi-X Australia and the industry to achieve this result that delivers competition, innovation and reform in Australia’s financial markets,” added Tal Cohen, CEO, Chi-X Global.
According to Thomson Reuters Equity Market Share Reporter, Chi-X Australia has traded US$30.14 million in the six stocks offered as part of its soft launch. So far this month, it has traded 0.14% of Australian equity turnover.