Cboe’s high-tech strategy to break ASX monopoly
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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