Chi-X Australia expands stock market offering
Stock exchange Chi-X Australia is to expand its offering with a quoted funds market and five Transferable Custody Receipts (TraCRs) based on the underlying shares of global companies such as Amazon and Berkshire Hathaway.
The five TraCRs would join the 10 existing ones already trading on Chi-X Australia which were added last October. TraCRs are issued by Deutsche Access Investments and traded in Australian dollars.
Vic Jokovic, chief executive of Chi-X Australia, said: “Expanding the range of TraCRs demonstrates our commitment to delivering greater accessibility and choice to local investors and brokers.”
Meanwhile, it would also launch a quoted funds market with fixed-income quoted managed funds, also known as active exchange traded funds (ETFs), from companies such as eInvest and Schroders. The launch date of this market is subject to regulatory approvals.
Jokovic added: “The arrival of Chi-X Quoted Funds marks a significant expansion of our capabilities and will enable issuers to have their QMFs and ETFs quoted and traded on Chi-X Australia, providing both issuers and investors with greater choice and cost benefits.”
AUTHOR
Laura Dew
Recommended for you
Trustee and fund administration platform MSC Group has promoted Shelley Brown as its chief operations officer, having successfully completed the integration of the Certane Corporate Trust business.
Australian Unity’s group managing director and chief executive has announced his plans to retire at the end of the year after two decades leading the company.
TAL has appointed a senior manager for investment strategy and portfolio management who joins from a lead role at AIA.
Global wealth management platform FNZ has appointed a new group head of APAC, while boutique investment manager TWC Invest welcomes a chief technology officer.
