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.
MICEX, the domestic Russian stock exchange, has updated securities trading rules, including the launch of a central counterparty to help entice greater foreign investment.
Canadian exchange group TMX has entered a support agreement with Maple Group Acquisition Corporation that would see TMX bought by Maple under a two-step transaction valued at approximately C$3.8 billion.
Brazilian exchange BM&F Bovespa and China’s Shanghai Stock Exchange have intensified cooperation between the two exchanges with a second forum aimed at exploring cooperation in emerging markets.
Bolsa Electronica de Chile, an alternative trading venue in Chile, has signed a deal with market operator Nasdaq OMX for the provision of market technology, exchange trading and advisory services.
Chi-X Australia has received approval from regulator the Australian Securities and Investments Commission to launch on 31 October, marking a new era of exchange competition in the country.
The latest draft of the European Commission’s revisions to the Markets in Financial Instruments Directive may leave some European investment institutions with diminished access to off-exchange sources of liquidity by formalising discretionary access to broker crossing networks.
US-based exchange Direct Edge faces sanctions by regulator the Securities and Exchange Commission for violations of US securities laws arising from weak internal controls that resulted in millions of dollars in trading losses and a systems outage.
Canadian consortium the Maple Group Acquisition Corporation has surprised many market participants by continuing to pursue its takeover bid for exchange group TMX, following the collapse of the London Stock Exchange Group’s rival bid earlier this year.
Chi-X Australia has signalled its intent to offer stiff competition to the Australian Securities Exchange this week by undercutting the incumbent’s trading fees, but Tony Mackay, former CEO of Chi-X Global, predicts a long, hard battle for market share.