Thursday 20 November 2008

Chi-X may open exchange in Singapore in 2009

Chi-X, which operates a pan-European equities trading platform that has captured a 20 percent share of trading in FTSE 100 stocks, wants to open an exchange in Singapore as early as mid-2009, a newspaper reported on Thursday.

1 comment:

Guanyu said...

Chi-X may open exchange in Singapore in 2009

SINGAPORE, Nov 20 (Reuters) - Chi-X, which operates a pan-European equities trading platform that has captured a 20 percent share of trading in FTSE 100 stocks, wants to open an exchange in Singapore as early as mid-2009, a newspaper reported on Thursday.

Chi-X will target big funds and institutions and is likely to offer trading in large cap index component stocks for a start, Singapore’s Business Times said, quoting Chief Executive Tom Mackay.

Talks over regulatory concerns with the Monetary Authority of Singapore were going smoothly, and Chi-X may eventually allow investors to trade Asian or European and U.S. stocks through its platform, Mackay told the paper on the sidelines of a conference.

Chi-X is controlled by Nomura’s broker agency Instinet.