ASX Readies Itself for Chi-X arrival With Smart Routing Trading App

With the imminent arrival of Chi-X in Australia, ASX has enlisted Fidessa to help it prepare by developing a co-located smart order routing trading application for the new multi-market environment.

Australia granted a license to Chi-X in May to launch a trading platform, upending the monopoly enjoyed by the ASX.

To help cope with the resultant fragmentation, the Australian operator has enlisted Fidessa to help build the ASX Best smart order routing application, which will provide connectivity to

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