SAN DIEGO, CA, November 11, 2010 (Press-News.org) 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
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Business Review Australia is a leading digital media source of news and content for C-level executives focused on business and industry-specific news throughout Australia. Through its digital magazine, online website, daily news and weekly e-newsletter, Business Review Australia helps executives stay up-to-date with the most fundamental operational issues in demanding and ever more competitive global business sectors. For more information, contact 1-760-827-7800 or visit http://www.businessreviewaustralia.com/.
Poised To Rival the Incumbent ASX, Chi-X Australia Will Provide an Alternative, Low-Cost, Trading Model to the Australian Market
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.
2010-11-11
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[Press-News.org] Poised To Rival the Incumbent ASX, Chi-X Australia Will Provide an Alternative, Low-Cost, Trading Model to the Australian MarketPeter 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.