Knowledge@ASB: Trading Places

As Chi-X gets the nod to compete with the Australian Securities Exchange, market players are left wondering what to make of the talk of fear and loathing surrounding the introduction of alternative trading platforms. In other parts of the world, high-frequency competitive exchanges have delivered greater liquidity, increased trading volumes and decreased volatility. Of course, having the right regulations in place is important. Now many participants have started asking: "What’s not to like?”