ASIC Releases First Chi-X Assessment Report

Greg Medcraft ASIC chairman

Greg Medcraft ASIC chairman

On November 29 ASIC released its first annual assessment report of Chi-X Australia Pty Ltd (Chi-X). The assessment covers 4 May 2011 to 31 March 2012, which reflects the date on which Chi-X was granted a licence to operate an Australian financial market by the Minister and Chi-X’s financial year-end date.

ASIC concluded that Chi-X met its statutory obligations as a licensed market operator.

ASIC’s findings are included in Report 315 Market assessment report: Chi-X Australia Pty Ltd (REP 315).

The report sets out nine agreed actions for improvement or attention. While the agreed actions are important, they did not cause ASIC to qualify the overall conclusion that Chi-X met its statutory obligations during the assessment period.

Chi-X has already commenced work to address some of the agreed actions outlined in the report

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