Post by r2d2 on Mar 15, 2011 19:19:55 GMT 10
See:
www.smh.com.au/business/markets/asx-to-set-up-second-bourse-to-counter-chix-20110315-1bv1v.html
ASX, operator of Australia's stock exchange, plans to open a second equities market aimed at professional speculators to head off competition after regulators effectively ended its monopoly on trading.
PureMatch, a platform for high-frequency traders whose computerised strategies dominate US markets, will start in the third quarter, said Richard Murphy, general manager for equity markets at Sydney-based ASX. PureMatch will complement ASX's main market and provide access to the country's 200 most-popular securities, he said.
www.smh.com.au/business/markets/asx-to-set-up-second-bourse-to-counter-chix-20110315-1bv1v.html
ASX, operator of Australia's stock exchange, plans to open a second equities market aimed at professional speculators to head off competition after regulators effectively ended its monopoly on trading.
PureMatch, a platform for high-frequency traders whose computerised strategies dominate US markets, will start in the third quarter, said Richard Murphy, general manager for equity markets at Sydney-based ASX. PureMatch will complement ASX's main market and provide access to the country's 200 most-popular securities, he said.