AUSTRALIA: Chi-X Australia`s Licence and Market Rules Extended to Derivatives Investment Products

Friday October 23 2015

News Source: Global Exchanges

Focus: Derivative Market Segment

Type: General

Country: Australia

Link: http://cmsau.chi-x.com/Portals/15/Docs/Chi-X_Australia_Extends_Market_Licence_to%20Derivatives_Press_Release.pdf

On 23^rd October 2015, Chi-X Australia Pty Ltd, a wholly owned subsidiary of market operator Chi- X Global Holdings LLC, was granted an expanded market trading licence to encompass trading in derivatives on the Chi-X Australia platform. In a related move, amendments to ASIC’s market integrity rules and Chi-X’s operating rules have also been approved providing the regulatory framework for Chi-X’s derivatives market platform.

The approvals and expanded licence are a key step in enabling Chi-X to offer a platform for trading derivatives and other investment products and expand the reach of its trading platform. Subject to final regulatory approvals, Chi-X Australia is well advanced on plans to commence warrants trading exclusively on Chi-X in November, and exchange traded funds (ETFs) in the first half of 2016.

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