ASX Readies Itself for Chi-X arrival With Smart Routing Trading App

With the imminent arrival of Chi-X in Australia, ASX has enlisted Fidessa to help it prepare by developing a co-located smart order routing trading application for the new multi-market environment.

Australia granted a license to Chi-X in May to launch a trading platform, upending the monopoly enjoyed by the ASX.

To help cope with the resultant fragmentation, the Australian operator has enlisted Fidessa to help build the ASX Best smart order routing application, which will provide connectivity to

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DORA stalls over identifier dispute

A disagreement over how to classify third-party tech providers on a reporting form known as the “register of information” has held up preparations for the highly anticipated operational resiliency rule in Europe.

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