The arrival in Australia of Cboe Global Markets, one of the world’s largest exchange holding companies, will enhance competition but it won’t be a game-changer.
The first and most telling point is that the ASX was dominant in cash equities when Chi-X started in Australia a decade ago and it remains so.
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Tony Boyd is the former Chanticleer columnist. He has more than 35 years' experience as a finance journalist. Connect with Tony on Twitter. Email Tony at tony.boyd@afr.com