SecuritEase Provides Settlement Connectivity for the Chi-X Market
SecuritEase International Limited announced June 20 that it has been selected by Chi-X Australia to provide the connection between the Chi-X trading platform and the clearing and settlement infrastructure operated by ASX.
Commenting on the selection of the SecuritEase® system, Bill Tonkin, Managing Director of SecuritEase International Limited, said: “SecuritEase is very proud to be an integral part of the movement driving greater choice and flexibility in trading venues as this is what SecuritEase has already brought to the stock broking back office settlement environment in Australia”.
The SecuritEase® system has the CHESS Release 8 Approved Market Operator technical accreditation needed to support the interconnection between ASX Settlement and the Chi-X market.
Commenting on why SecuritEase had won the competitive tender process run by Chi X, Bill Tonkin said: “I believe the ease of working with SecuritEase, the proven ability of the SecuritEase® system to interface to CHESS for high throughput and availability, and the proven capability to simultaneously interface to other clearing infrastructure suppliers were key factors in Chi-X’s decision-making process”.