Chi-X Says It's Working Towards Beginning Australia Operations in March

Chi-X Global Inc., an electronic- trading-platform that won preliminary approval to become a competitor to Australian stock exchange operator ASX Ltd., said it’s working towards starting operations by March.

Chi-X may delay its start-up until May, the Australian Financial Review reported in its Street Talk column today, without saying where it got the information.

The company is “eagerly” waiting for the Australian Securities and Investments Commission to publish a new timetable for the entry of rivals to ASX, Peter Fowler, Chi-X Australia Pty.’s chief operating officer, said in an e-mail today.

To contact the reporter on this story: Shani Raja in Sydney at sraja4@bloomberg.net

To contact the editor responsible for this story: Iain Wilson at iwilson2@bloomberg.net

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