• 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

Work with us on your Integrated Marketing Campaigns

Do you have bespoke research requirements?

WatersTechnology offers a full range of custom research, surveys, webcasts, video and whitepapers for firms looking to demonstrate thought-leadership through their marketing campaigns and generate sales leads.

waterstechnology-marketing-options

Latest Whitepapers

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....

waterstechnology-whitepaper-intel-july2013

Taking on Tablets: BYOD On The Trading Floor

We have truly entered the Age of Bring Your Own Device, or BYOD. And as with every new era fuelled by innovation, the new challenges are screaming for...