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.