SOURCE: Business Review Australia

Australian Business Magazine

November 09, 2010 15:51 ET

Poised to Rival the Incumbent ASX, Chi-X Australia Will Provide an Alternative, Low-Cost, Trading Model to the Australian Market

SAN DIEGO, CA--(Marketwire - November 9, 2010) -  In the November issue of Business Review Australia, Peter Fowler, Chief Operating Officer of Chi-X Australia, discusses how the new, alternative stock market operator will compete with the incumbent ASX when it launches in early 2011.

Through regional trading platforms, Chi-X Global aims to provide investors around the world with the most efficient markets possible through its unique trading models. Already the daily turnover of the value of shares traded on Chi-X systems around the globe significantly exceeds the daily turnover of the ASX.

Already Australia has the largest freefloat market in the APAC region outside of Japan, and Chi-X is confident that choice in trading platforms and a reduction in trading costs will grow the Australian market further. "That's good for Chi-X Australia, but also the overall Australian market and Australian economy," Fowler says in the article. Read the full article at: http://www.businessreviewaustralia.com/business-features/finance/new-kid-block-chi-x-has-arrived-australia

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