Chi-X Australia (CXA), a Cboe Global Markets company, is the innovative securities and derivatives exchange committed to transforming, improving and growing Australian investment markets by providing brokers and investors with the most efficient and cost-effective access to local and global investment opportunities. This focus has seen the alternative trading platform for Australian listed securities grow strongly from its launch in October 2011 to have achieved over 20% market share and trade over $3.8 billion a day in cash equities.
Today, the ASIC regulated market operator provides investors with a combination of world class technology, innovation and cost-efficient product offerings that has attracted close to 50 market participants and thousands of investors.
The Chi-X investment product platform offers trading across a range of unique products including Transferable Custody Receipts, or TraCRs, which give Australian investors access to the benefits of owning US shares in companies behind some of the world’s biggest brands. TraCRs are exclusively quoted and traded on Chi-X.
Chi-X also offers over 900 uniquely quoted warrants (as at April 2021), across a range of asset classes including equities from Australia’s largest companies, indices, currencies, commodities and fixed income.
The Chi-X Funds market includes both Exchange Traded Funds (ETFs) and Quoted Managed Funds (QMFs).ETFs are passively managed funds that track a particular index whereas QMFs are funds that are rules based, actively managed or hold only single assets.
The Chi-X Australia 200 Index (CXA 200 Index) is a free-float capitalisation weighted index that captures approximately 80% (by total market capitalisation) of the Australian equity market. The index measures the performance of the largest 200 companies and is calculated using transacted prices from the CXA market. All index values are real-time or end-of-day.
Cboe Global Markets, a leading provider of market infrastructure and tradable products, delivers cutting-edge trading, clearing and investment solutions to market participants around the world. The company is committed to operating a trusted, inclusive global marketplace, providing leading products, technology and data solutions that enable participants to define a sustainable financial future. Cboe provides trading solutions and products in multiple asset classes, including equities, derivatives and FX, across North America, Europe and Asia Pacific.
The name Chi-X is derived from the Greek letter Chi, written “X”, symbolizing the crossing of the two sides of a trade. Along with the “X” from the English alphabet, the name signifies a combination of the old world and modern world, or traditional securities trading techniques married with cutting-edge technology.