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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.
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.
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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.
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