Financial Times FT.com

Chi-X Global alleges ‘fear card’ move

By Peter Smith

Published: September 30 2009 18:47 | Last updated: September 30 2009 18:47

The head of Chi-X Global, the equities trading platform, on Wednesday accused the Australian Securities Ex­change of playing the “fear card” after the exchange’s chairman spoke of the dangers of allowing multiple share trading venues.

The development is a sign of frustration over the absence of government approval of licences that would allow rivals to challenge the country’s incumbent exchange.

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