The Australian Securities Exchange (ASX) has received regulatory approval from the Australian Securities and Investments Commission for the launch of its high-speed/low-latency order book ASX PureMatch on November 28. PureMatch will trade the most liquid ASX-listed stocks and domestic exchange-traded funds (ETFs). It provides an execution service along with ASX’s prevailing TradeMatch order book, through which all ASX-listed securities can be traded.
PureMatch will also offer an alternative to other venues that trade ASX-listed securities. The securities available for trading on PureMatch will be introduced in two stages, with ANZ Banking Group, BHP Billiton and Commonwealth Bank, among others, in the first stage. ASX, which intends to extend the list of securities tradable on PureMatch to all S&P/ASX 200 stocks and ETFs on December 12, has also unveiled introductory pricing for the order book.
Click here for the release from Australian Securities Exchange.