• inside_market_data
  • inside_reference_data
  • buy_side_technology
  • sell_side_technology
Singapore
The joint venture between SGX and Chi-X Global failed to attract sufficient liquidity.

Chi-East to Close Doors

  • Send
  • Comment
  • Send to Kindle

Dark pool to shutter due to 'commercial considerations'.

The multi-regional Asian dark pool Chi-East will cease operation from 24 May 2012, following mutual agreement from its shareholders.

Launched as a joint venture between Singapore Exchange (SGX) and Chi-X Global, Chi-East received regulatory approval in October 2010 to launch trading. It offered non-displayed block trading for stocks in Japan, Singapore and Hong Kong. The notification, a general release from the operators, has listed commercial reasons as the driver behind its closure.

"The last trading day of Chi-East will be 24th May 2012," says the notice, available on Chi-East's website. "We would like to thank you enormously for your support of Chi-East and while we all wish we could have had a different outcome we hope that Chi-East has managed to positively affect the growth of alternative trading venues in the region, and that you as clients have seen some benefits from it."

  • Send
  • Comment
  • Send to Kindle

Winner's Announced: Sell-Side Technology Awards 2014

View the winners...

The winners of the 2nd annual Sell-Side Technology Awards 2014 were announced in New York on April 15. These awards recognize the leading technologies and third-party vendors in their area of expertise, through an auditable and transparent methodology. To view the winners across the 24 categories click here.

sst-awards-2014

Latest Whitepapers

waters-equinix-whitepaper-may2014

Tackling Teething Troubles: Examining the Current State of the OTC Derivatives Market

The over-the-counter (OTC) derivatives market is in the midst of a global regulatory restructure. Authorities in Europe, Asia and the US are currently...

eagle-whitepaper-jan2014

A data-centric approach to portfolio management

A fast, flexible and reliable investment decision-making process must be based on access to accurate and consistent information throughout an organization....