Chi-X looks to crack Australia

The country’s first foreign-owned exchange in 150 years ratchets up competition with half-price fees

Chi-X Global, the start-up global exchange operator majority-owned by agency broker Instinet, made its long-awaited entry into the Australian market last month.

After three years of regulatory wrangles and delays, the alternative exchange soft launched with just six stocks and two exchange-traded funds on October 31.

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