Chi-X Australia - Aussie Stock Forums

Page 1 of 2 12 LastLast
Results 1 to 20 of 32

Thread: Chi-X Australia

  1. #1

    Default Chi-X Australia

    Does anyone know anymore details about the ASX's new rival exchange chi x that is going to be introduced late this year?

    Apparently 90% cheaper than the asx. Sounds fantastic. It is about time Australians have more options to chose which exchange they trade through as the ASX has had its monopoly reigns for long enough, as clearly we have the most expensive exchange going around. Without getting to in depth I think having an alternative option might lure more traders back to trading our markets more actively due to lower commissions and more liquidity. I know it will interest me as that is one of the big reasons I dont trade the ASX ( ridiculously high commissions )

    From the articles I have read it sounds like the costs of data feeds, transactions will be greatly reduced as well are providing more liquidity.

    Not sure how it will all work but I am interested in seeing what happens as we get through the year.

    Feel free to move this post where ever. Wasn't sure where to put it.

  2. #2

    Default Re: chi-x

    ASX recently announced they are reducing costs - I would assume in response to Chi-X. I think July 1. Now will existing brokers reduce their fees?

  3. #3

    Default Re: chi-x

    Good news and about time!

    Plenty of articles about it.

  4. #4

    Default Re: chi-x

    just thought id ask what people know about it as there isn't alot of info out there on Google (apart from just saying chi x will be introduced late this year, around October)

    Yes I have read all those articles cheers. Looks promising!

    I wonder how much they will reduce by if they do.

  5. #5

    Default Re: Chi-X

    lol, so everyones going to be trading chix now?

  6. #6

    Default Re: Chi-X

    Agree with comments above. Any competition is good competition. About time.
    Lots of info on Chi-X out there. There was also an article in the AFR a weeks ago, weekend edition. Chi-X have taken Europe by storm in the last few years. The LSE has lost a lot of ground to Chi-X.

    ASX are pretty expensive, but then again, if IB can charge $6 for a buy or sell order, l'm sure that that others could too? Or, am l wrong in thinking that? i would actually love to know what the profit margins are for brokers on shares?

  7. #7

    Default Re: Chi-X Australia

    Anyone got cheaper brokerage yet?

    ASX on Thursday announced fee reductions from July 1, including trade execution fees that will cut the fee brokers charge investors to trade.
    Did this just not go ahead, or are Aussie retail brokers still charging customers the old brokerage fee and pocketing the difference?

    Does anyone know which companies are going to be listed on the new exchange?

    Considering the electronic nature of brokerage these days, I have no idea what is the basis for the $15-30 fee most seem to be charging. The norm in the US seems to be about 5-10USD with some brokers offering unlimited trading for a yearly fee of around $300!
    Last edited by sinner; 29th-August-2010 at 04:09 PM.
    Disclosure: Long cash, gold, stocks.

  8. #8

    Default Re: Chi-X Australia

    Just received the following from the ASX:

    Thank you for your email.

    Yes, the ASX did reduce its headline trade execution fee on July 1 of this year. The headline trade execution fee was reduced from 0.28 basis points (bps) to 0.15 bps

    The media release outlining the details can be found on the ASX website here: http://www.asx.com.au/about/pdf/2010...nd_rebates.pdf.

    In regards to fees that brokers may be charging, these fees are a matter for brokers and their clients.
    Headline trade execution fee almost halved and retail is still paying the same price.

    Surely grounds for the ACCC to investigate?
    Disclosure: Long cash, gold, stocks.

  9. #9

    Default Re: Chi-X Australia

    Quote Originally Posted by sinner View Post
    Just received the following from the ASX:

    Headline trade execution fee almost halved and retail is still paying the same price.

    Surely grounds for the ACCC to investigate?
    THIS IS BULL$h!t. when the hell are aussie traders going to get a fair deal?
    and no, dont say IB

  10. #10

    Default Re: Chi-X Australia

    any news on when they coming in?

  11. #11

    Default Re: Chi-X Australia

    no joke. how slow does this process want to be! no updates at all. by the sounds wont be happening until mid next year.

  12. #12

    Default Re: Chi-X Australia

    There has been news on it. I can't remember the details but I think it is something like March 2011 or maybe a little later.

  13. #13

    Default Re: Chi-X Australia

    Even when Chi-X arrives, how do we know companies will want to list on Chi-X? Won't they have to pay another listing fee?

  14. #14
    Happy's Avatar
    Join Date
    Jul 2005
    NSW, Australia

    Default Re: Chi-X Australia

    E"Trade changed fee to just under $20

    Must be their move to secure trader's support

  15. #15

    Default Re: Chi-X Australia

    they wont launch March 2011, there is a delay in regulation and if SGX get its hand on ASX then Chi-X future is uncertain as Chi-X has link with SGX

    I saw an article some where see if i can find the link
    "cash - a call option with no expiration date, an option on every asset class, with no strike price. Warren Buffett

  16. #16
    Mod: Call me Dendrobranchiata prawn_86's Avatar
    Join Date
    May 2007
    Los Angeles
    Blog Entries

    Default Re: Chi-X Australia

    All confirmed now by regulators. Not sure of the launch timeframe.

  17. #17

    Default Re: Chi-X Australia


    How will this work>? Will all brokers participate? Will all companies be dual listed?

  18. #18

    Default Re: Chi-X Australia

    How does it all work? Will stock be on either the ASX or Chi-X or will they be on both?

    If on both, does equilibrium keep them equal, as in all traders will watch both the ASX and Chi-X...

  19. #19

    Default Re: Chi-X Australia

    Nevermind, kind of answered my own question: http://en.wikipedia.org/wiki/Cross_listing

  20. #20

    Default Re: Chi-X Australia

    Nice one! Another exchange to end the ASX monopoly.
    I'm sure the hi frequency trading funds will be looking at the real estate about half way between the two.

Similar Threads

  1. Australia Day
    By laurie in forum General Chat
    Replies: 42
    Last Post: 26th-January-2016, 03:02 PM
  2. VectorVest Australia
    By nevieboy in forum Trading/Investing Resources
    Replies: 22
    Last Post: 12th-December-2013, 09:20 AM
  3. OptionsXpress Australia
    By Mofra in forum Derivatives
    Replies: 32
    Last Post: 24th-April-2010, 06:29 PM
  4. Australia
    By kennas in forum General Chat
    Replies: 19
    Last Post: 28th-January-2008, 01:06 PM
  5. What don't you like about Australia?
    By It's Snake Pliskin in forum General Chat
    Replies: 62
    Last Post: 27th-August-2006, 11:12 PM


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
Aussie Stock Forums