Wednesday November 9 2016
News Source: Global Exchanges
Focus: Trading Rules
Type: General
Country: Australia
Link: http://cmsau.chi-x.com/Portals/15/Docs/Chi-X%20to%20launch%20TraCRs%20early%20Q1%202017.pdf
Chi-X Australia has announced that it is on target to commence the exclusive trading of Transferable Custody Receipts (TraCRs) in early February 2017 on its investment products marketplace.
TraCRS are based on an underlying asset that is a member of the primary index of a specified offshore market, which will initially include the main United States exchanges NYSE and NASDAQ, meaning Australian investors will be able to trade on an Australian exchange to invest in the top US stocks.
Last month ASIC gave notice of its intention to modify the market integrity rules to include oversight of TraCRs.
Click on the link above for further details.