- Cboe Australia, formerly known as Chi-X Australia, has
successfully migrated to Cboe technology on March 27, marking completion of an 18-month
- The technology integration follows Cboe's acquisition of Chi-X
Australia in July 2021 and will serve
as the foundation to help Cboe expand in Australia and Asia-Pacific
- Cboe BIDS Australia is the first new offering to launch
CHICAGO and SYDNEY, March 28,
2023 /PRNewswire/ -- Cboe Global Markets, Inc. (Cboe:
CBOE), a leading provider of global market infrastructure and
tradable products, announced it successfully migrated Cboe
Australia to Cboe technology on March 27,
2023. Cboe Australia, formerly Chi-X Australia, was acquired
by Cboe Global Markets in July 2021
and rebranded as Cboe Australia in February 2022.
"Since Cboe acquired Chi-X, we have been focused on delivering
benefits to the Australian market that only Cboe can provide," said
Chris Isaacson, Executive Vice
President and Chief Operating Officer, Cboe Global Markets.
"Significantly, this required migrating Chi-X's platform to Cboe
technology, enabling Australian customers to benefit from our
world-class innovations and seamlessly accessing Cboe's diverse
markets, asset classes, data and product suite with greater ease
With the migration to the Cboe technology platform, Cboe
Australia now has the performance and capacity to better meet both
current and projected future capital markets trading volumes for
the entire Australian equities marketplace.
Isaacson continued: "As an innovative leader and globally
trusted market operator, Cboe Global Markets has deployed
technology that provides feature rich, low latency access to all
participants. With the first deployment in APAC of the Cboe Latency
Equalization capability, Cboe Australia participants all benefit
from a high-performance technology platform that helps to ensure
equitable access to all."
"Executing the migration of Chi-X's technology platform was a
tremendous industry-wide effort and we thank our customers,
vendors, regulators and other market participants for their strong
engagement and support over the past year," said Vic Jokovic, Chief Executive Officer, Cboe
Australia. "This collaboration was critical in executing a smooth
technical and operational migration. With this foundation now in
place, we look forward to expanding the products, services and
trading solutions we can provide in the Australian
Along with this technology migration, Cboe has launched Cboe
BIDS Australia, bringing a new and innovative large-in-scale
trading offering to the Australian equities market.
The launch of Cboe BIDS Australia is planned to occur in two
phases. The first phase, which has now launched in conjunction with
the technology migration, involves brokers accessing the BIDS pool
through their trading algorithms or via directed orders. The second
phase is expected to occur in the coming months and will involve
broker-sponsored buy-side access through the BIDS Trader
Additional information on Cboe Australia can be found at
www.cboe.com/au/equities. Information on BIDS Trading is available
at www.bidstrading.com and Cboe BIDS Australia Service.
About Cboe Global Markets, Inc.
Cboe Global Markets (Cboe: CBOE), a leading provider of market
infrastructure and tradable products, delivers cutting-edge
trading, clearing and investment solutions to market participants
around the world. The company is committed to operating a trusted,
inclusive global marketplace, providing leading products,
technology and data solutions that enable participants to define a
sustainable financial future. Cboe provides trading solutions and
products in multiple asset classes, including equities,
derivatives, FX and digital assets, across North America, Europe and Asia
Pacific. To learn more, visit www.cboe.com.
About Cboe Australia
Cboe Australia is a regulated stock exchange committed to
transforming, improving and growing Australia's securities and derivatives
markets. Cboe Australia has experienced strong and sustained growth
and has achieved significant milestones including gaining over 20
percent market share, a daily record of $5.98 billion traded value in equity trading and
up to 50 percent of the Australian ETF market (trading and
reporting). The Cboe Australia investment products platform offers
a range of unique products exclusively traded on Cboe Australia,
including Funds (ETFs & Quoted Managed Funds), and Cboe
Warrants. For more information visit: www.cboe.com.au.
+61 490 262
Cboe®, Cboe Global Markets®, Cboe Volatility Index®, VIX® are
registered trademarks of Cboe Exchange, Inc. All other trademarks
and service marks are the property of their respective
Cautionary Statements Regarding Forward-Looking
Information Certain information contained in this press
release may constitute forward-looking statements. We caution
readers not to place undue reliance on any forward-looking
statements, which speak only as of the date made and are subject to
a number of risks and uncertainties.
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SOURCE Cboe Global Markets, Inc.