Chi-East chooses LCH.Clearnet as clearing facility
The London-based clearing house beat seven other firms to the mandate. Meanwhile, Chi-X is in talks with other Asia-Pacific exchanges over similar deals.
Chi-East, a joint venture between trading platform provider Chi-X and Singapore Exchange (SGX), will use London-based LCH.Clearnet as the clearing facility for Asia's first exchange-backed dark pool.
"We conducted a formal RFP and received eight high-quality responses," a spokesman for Chi-X tells AsianInvestor. "One thing this process demonstrated is there is real capability and intent to enter and/or expand in Asia among these organisations."
Asked about the issue of high-frequenc…
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