Business
ASX dominance to be tested as US giant buys rival Chi-X – Sydney Morning Herald
The ASX’s dominant position in Australian share trading is set to be tested with a multi-billion dollar US exchange agreeing to buy its competitor, Chi-X.
The ASXs dominant position in Australian share trading is set to be tested with the multi-billion dollar owner of the Chicago Board Options Exchange agreeing to buy its local competitor, Chi-X, and ramp up technology investments.
CBOE Group, the $US11 billion listed owner of the Chicago options exchange and various other global stock exchanges announced the deal to acquire Chi-X from its current owner, private equity firm JC Flowers on Thursday for an undisclosed amount.
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