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Cboe-owned Chi-X still far from challenging ASX

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.

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All the bullish talk of increased competition in the Australian equities market following Cboe Global Markets buying Chi-X needs to be tempered with a reality check.

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

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    Original URL: https://www.afr.com/chanticleer/cboe-owned-chi-x-still-far-from-challenging-asx-20210325-p57dyc