ASIC today announced it has published on its website the licence granted to Chi-X Australia Pty Ltd (Chi-X) to operate an Australian financial market.
This follows the announcement today by the Government granting Chi-X the licence under s795B(1) of the Corporations Act and the announcement by ASIC last week of market integrity rules for market competition and Chi-X specifically.
ASIC will continue to work closely with market operators and market participants during the coming months, including on industry testing and related issues to ensure a smooth transition.
Under s795C of the Corporations Act a notice of the grant of the Australian market licence to Chi-X will be published in the Gazette in due course.