Chi-X To Get Australian License

Chi-X Globalcould receive a government license to run an exchange in Australia as soon as April,The Wall Street Journalreports. TheAustralian Securities & Investments Commission(ASIC) has unveiled a timetable for the licensing of competitors to theAustralian Stock Exchange.

Chi-X had first applied for an Australian license three years ago and secured partial approval in March 2010. ASIC, which will complete new full market integrity rules by April, said the licensing of Chi-X will be subject on meeting certain conditions on computer systems, resourcing and staffing.

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