Cboe Global Markets, Inc. has announced its successful migration of Cboe Australia to Cboe technology.
The technology migration follows Cboe’s acquisition of Cboe Australia, formerly Chi-X Australia, in July 2021 and its rebranding in February 2022.
Cboe Australia, formerly Chi-X Australia, was acquired by Cboe in July 2021 and rebranded in February 2022.
Chris Isaacson, Executive Vice President and Chief Operating Officer, Cboe Global Markets, said:
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 and efficiency.
Vic Jokovic, Chief Executive Officer, Cboe Australia highlighted the enormous industry-wide effort that executing the migration of Chi-X’s technology platform was and hinted at expansion of the products, services and trading solutions in the Australian market.
Cboe already expanded its trading offering to the Australian equities market with the introduction of Cboe BIDS Australia. The official announcement detailed that the launch will behappen in two phases. The first phase, which has already commenced along with the technology migration, enables brokers to access the BIDS pool using their trading algorithms or directed orders. The second phase, which is planned to take place in the next few months, will allow buy-side access through the BIDS Trader front-end sponsored by brokers.
