ASIC approves ASX challenger

THE Australian Securities Exchange now has a competitor after Australia’s corporate regulator approved the establishment of an exchange by Chi-X Australia.

ASIC approves ASX challenger ASIC approves ASX challenger ASIC approves ASX challenger ASIC approves ASX challenger ASIC approves ASX challenger

The platform initially will offer no more than eight blue chip stocks for at least six days as part of a "soft launch period" and will begin trading on October 31 as part of a new regulatory framework