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Cboe’s high-tech strategy to break ASX monopoly

Tom Richardson
Tom RichardsonJournalist

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The new boss of alternative stock exchange Cboe Australia is poised to unveil multiple trading products, after overseeing a major technology migration to a state-of-the-art trading system in her bid to lure business away from the ASX.

Chief executive Emma Quinn, who joined Cboe Australia from Alliance Bernstein three months ago, said the tech transformation meant it could now handle “every share traded on the ASX and more” as it competes for brokers’ order flow and lobbies for a solution to fix the Australian Stock Exchange’s ageing clearing and settlement system.

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Tom Richardson writes and comments on markets including equities, debt, crypto, software, banking, payments, and regulation. He worked in asset management at Bank of New York Mellon and is a member of the CFA Society of the UK as a holder of the Investment Management Certificate. Connect with Tom on Twitter. Email Tom at tom.richardson@afr.com

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    Original URL: https://www.afr.com/markets/equity-markets/cboe-australia-s-new-boss-steps-up-challenge-to-the-asx-20230618-p5dhg6