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Chi-East to go live by end of Q2
February 9, 2010
Chi-East, the 50:50 joint-venture dark pool between Singapore Exchange and Chi-X Global, is slated to go live by the end of the second quarter, says Ned Phillips, the JV's Singapore-based chief executive. "We have enough client demand," he says.
The network will cover cash equities for Australia, Hong Kong, Japan and Singapore, and will be the first pan-Asian dark pool with continuous crossing. Phillips is talking with the buy-side about the use of such networks in the run-up to Chi-East's launch, as well as working with the sell-side with regard to connectivity.
Chi-East will be a broker-to-broker platform for electronic trades, offering direct market access, algorithms and smart-order routing.
Original Posting At: AsianInvestor
The network will cover cash equities for Australia, Hong Kong, Japan and Singapore, and will be the first pan-Asian dark pool with continuous crossing. Phillips is talking with the buy-side about the use of such networks in the run-up to Chi-East's launch, as well as working with the sell-side with regard to connectivity.
Chi-East will be a broker-to-broker platform for electronic trades, offering direct market access, algorithms and smart-order routing.
Original Posting At: AsianInvestor
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