Trading technology and execution management systems provider TradingScreen is to provide a combined picture of stock liquidity of local equities jointly listed on the Australian Securities Exchange (ASX) and new venue Chi-X Australia when it launches, on 31 October 2011.
The firm’s Liquidity+ multi-venue environment is designed to provide buy-side investors with a single view that includes table and graphical stock prices across both marketplaces, time and sales and tick-by-tick capability, drag-and-drop order management, a trading velocity index as well as connectivity to any other exchange where those securities trade around the globe.
“TradingScreen is an early adopter of new market venues and we are pleased to be working with them as they roll out an aggregated view of the Australian market, which is a must-have for domestic and global investors in the new multi-market environment,” said Jason Keady, director markets and operations, Chi-X Australia.
Trading technology provider Fidessa established connectivity to Chi-X Australia in September. Chi-X Australia first revealed its intention to launch in February 2008 but has been held up by a number of issues, including the financial crisis and a regulatory change required to facilitate the formation of alternative venues.
Liquidty+ has been available in Europe, the US and Asia since 2009.