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The Trading Mesh

July 2011

Australia joins the global fragmentation movement

July 27, 2011 Comments (0)           

I was a guest last week to mark the opening of the Australian Liquidity Centre which is not, as you might think, the latest trendy Sydney nightspot. Instead it’s the name chosen by ASX for its impressive new co-location facility and represents the exchange’s latest move to meet the imminent opening up of equities trading Down Under. The transfer of market supervision from the ASX to ASIC paved the way for alternative trading venue Chi-X to open its doors in...