Brokerages have confirmed their participation in the launch of Chi-X Australia, Reuters reports. 15 brokers, including Citi, Credit Suisse, Deutsche Bank, Goldman Sachs, Instinet, ITG, JP Morgan, Macquarie, Merrill Lynch, Morgan Stanley, Nomura and RBC Capital Markets have signed up with Chi-X, adds The Wall Street Journal.
The Nomura-owned stock exchange operator received a license to operate an equity- trading platform in direct competition with the ASX. Chi-X Australia expects to begin trading in the fourth quarter of this year.
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