Chi-X may add 11 more brokers

Chi-X Australia Ltd., the market that is challenging the ASX Group, may have as many as 34 brokers to trade through it.

Chi-X is on the cusp of approving another broker to join its network, says Peter Fowler, chief operating officer of the company in Australia. It currently has 23 brokers signed up to do business with the company, he says.

“We’ll hold at 24 for the time being,” says Fowler. There are another 10 applications from brokers who wish to work with Chi-X, he says.

Fowler says Chi-X “is very happy with its Australian launch. He says trading through Chi-X is “regularly in excess of 1 per cent” of daily turnover of Australian stocks.

“We’re trading a large range of securities,” says Fowler. “The feedback has been positive.”

 

, , ,

Leave a Comment

Canada establishes new SWF amidst global push for nation-building investment

Canada has established its first national-level sovereign wealth fund with a seed of C$25 billion to underwrite “nation-building” projects like ports, mines and energy infrastructure. In an unusual funding mechanism, the fund will issue a retail product that will allow individual investors to invest with the SWF and “participate in Canada’s growth”.

Sort content by